Argentina reports on the amendment for the debt swap

The Ministry of Economy published the revision of terms and conditions for the exchange of the debt in foreign currency.

The Argentine Ministry of Economy reported that this Monday, July 6, Argentina will submit to the United States Securities and Exchange Commission (SEC) an amendment to the offer to restructure public debt in foreign currency.

The ministry also announced in a statement that in the next few days a bill will be sent to Congress to restructure the debt under foreign law, “on equal terms with the proposed swap.”

“In this way, Argentina will be complying with the commitment to equitable treatment for public debt in foreign currency issued under foreign legislation and under Argentine law,” said Economy Minister Martín Guzmán.

Como se había adelantado este domingo por la noche el gobierno de @alferdez dio a conocer su propuesta sobre pago de la deuda en manos de acreedores privados extranjeros que quedara habilita este lunes y hasta el 4 de agosto. @teleSURtvhttps://t.co/vqJK9cAnez

— Juan Carlos Bartolotta (@JuanCteleSUR) July 6, 2020

The Argentine Republic Announces the Amendment to the Invitation to Exchange

At the same time, the deadline for its creditors to adhere to the swap was extended until August 4 until 05:00 (local time).

Source: Telesur