Macroeconomy/Finance

$1.5 bn separates Fintech and Gramercy from an agreement with Argentina

The claim of the members of the Creditors Committee is today at 53% of VPN against 52% offered by the country; it is between $1 billion and $1.5 billion. Fintech, Gramercy and Greylock are approaching a deal with Argentina. They adhere to two clauses that in the eyes of the government may be negotiable: the mandatory redemption and the application of an extra 2% interest if Argentina falls into default again during the entire life of the bonds issued in this restructuring.

Source: Ámbito

Categories: Macroeconomy/Finance