February 3, 2021
Investors holding debt issued by the Argentine state-backed energy company YPF rejected on Tuesday an updated offer to restructure $6.2 billion in international bonds, calling it an unbalanced solution.
"The amended exchange offer represents an improvement on previous terms announced by the company, but fails to provide a balanced solution, including appropriate treatment for the bonds maturing on March 23, 2021," the Ad Hoc YPF Bondholder Group said in a statement.
The rejection of YPF's third
Ad Hoc Bondholder group rejects Argentine oil company's revised proposal, calling it improved but still unbalanced; Separate group represented by Dechert lawyers accepts the deal