Macroeconomy/Finance

Government seeks $1.11 billion to close the swap

The call to restructure debt under local legislation achieved acceptance of 98.8%, leaving some $460 million of titles without entering the same. The $460 million added to $653 million left out of the debt swap for securities issued under international legislation, and correspond to holders of Par bonds issued in the 2010 exchange and which are mostly held by small European bondholders. Adding both amounts, we arrive at the $1.11 billion that the government must seek if it wants to complete 100% of the debt, and get rid of any eventual legal problems both inside and outside the country.

Source: Ámbito

Categories: Macroeconomy/Finance