Argentina eyes mid-September budget as 99% of bonds hit CAC thresholds

Argentina, la nacion, Buenos Aires, LatAm, 575
By Oliver West
01 Sep 2020

Martín Guzmán, Argentina’s finance minister, said on Monday that 93.5% of international bondholders had participated in the sovereign’s debt restructuring as he promised to deliver a budget by the middle of the month.

August 28 was the final participation deadline for Argentina’s restructuring, and broad acceptance was already expected after the government had announced an agreement with all organised creditor groups a month ago. 

Though Argentina had not released the exact acceptance rates per bond by Monday evening, Guzmán said ...

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