The State of Argentina’s Debt Restructuring… | Council on Foreign Relations


Argentina pushed back the deadline for its restructuring to the end of July, after failing to reach agreement with a majority of its creditors on terms for the restructuring of Argentina’s $65 billion in bonded debt.

Differences have narrowed to the point—a few cents on the dollar—that it isn’t that difficult to see how a deal could be struck in July. But the narrowing of differences with some creditors (Argentina’s most recent offer was worth around 50 cents on the dollar at a ten percent discount rate on the new cash flow, with the high coupon “discount” bonds offered about five cents more) has made the gap between Argentina and the subset of creditors who want a richer deal much clearer.

Source: The State of Argentina’s Debt Restructuring… | Council on Foreign Relations

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