Bondholders ask Argentina to lower capital withdrawal to 5% for bond due in 2030

Following the first letter from the Government, Argentina’s creditors counter-propose to Argentina to lower the capital withdrawal to 5% for the bond due in 2030 and zero for the longer ones that go up to 2047. They also said that what the country saves by unpaid interest until 2023, it could pay at the beginning (upfront payment). They said that if these modifications and other counteroffers take place, positions would be quite close.