Argentina lands $65bn restructuring after months of strained negotiations

By Mariam Meskin, Oliver West
04 Aug 2020

Argentina announced an agreement with bondholders on Tuesday to restructure $65bn of debt. The country's dollar bonds had rallied late on Monday as rumours circulated that a deal was close following months of negotiations with either side repeatedly rejecting the other's proposals.

After discussions with three creditor groups, including the Ad Hoc Bondholder Group, the Argentina Creditor Committee and the Exchange Bondholder Group, Argentina announced it had reached an “agreement that will allow members of the creditor groups and such other holders to support Argentina’s debt restructuring proposal and grant ...

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