Macroeconomy/Finance

Debt: the difference between the Government and the bondholders is up to $6.8 bn

The latest round of negotiations between the Government and the country’s main debt creditors managed to close the gap to between $6.1 billion and $6.8 billion. In the proposal presented by the Government to the AdHoc and Exchange Bondholders committees, there is a difference in the annual flow of $220 million from 2020 to 2046, if the average gap of five cents per dollar at a 10% exit yield is taken into account. That $220 million implies an estimated difference of some $6.1 billion in the fixed offer made by the Economy against that presented by the more stringent committees.

Source: La Nación

Categories: Macroeconomy/Finance