Argentinian Government offers $0.38 per bond in the Argentine debt swap

Given the difference between the government’s offer and the desire of the funds that have an investment buried in Argentina close to 70 billion dollars, the government offer that the Securities Exchange Commission (SEC) will publish today establishes $0.38 for each bond offered by Argentina vs $ 0.55 that Wall Street investors are demanding. It is the distance between both trenches and could lead to a new default for Argentina. The key to the deal is in the NPV: if the Argentine government does not stretch from 38 cents to 50 cents on the dollar, the bondholders will consider filing a default suit in New York courts.

Source: Infobae.com