Argentine government improved offer to creditors

The Argentine Government released late yesterday a document with an improved offer compared to its previous version. Issues in dollars maturing between 2030 and 2042 with an average life ranging from 7 to 15 years. Also noteworthy are the staggered coupons. In the last hours, the bondholders announced the counteroffer they had made to the Government. Two large groups that were under these clauses said they submitted a joint proposal for $36 billion in cash flow relief over nine years.

Source: Ámbito