Argentina bundles local 2020 bond into external restructuring

Argentina, Microcentro, Buenos Aires, BA, LatAm, 575x375
By Oliver West
12 Feb 2020

Argentina’s economy ministry argued that it was acting with “simple” logic after deciding to include a domestic law dual currency bond owned mostly by foreigners in its external debt restructuring on Tuesday afternoon.

In a statement on Tuesday afternoon, the ministry took a tough stance with the holders of the $1.6bn bond, which matures on February 13, after only 10% participated in a debt swap last week and a local bond sale aimed at funding the payment failed on Monday. 

The sovereign ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial