Senate passes debt restructuring bill, o/w $64bn matures in 2020

Argentina’s Senate voted unanimously in favour of a bill that grants power to the government of President Alberto Fernández to handle a massive debt restructuring of bonds issued in foreign currency. Buenos Aires is grappling with ca. $100 billion in sovereign debt it is seeking to restructure with its creditors, including the IMF. An IMF technical mission is expected to arrive in Argentina on Feb. 12 to continue talks.