Stories written by Aldo Caliari

Argentina’s Debt Restructuring “Groundhog Day”… or Maybe Not? Three Key Points

On April 17, the Alberto Ángel Fernández administration in Argentina officially unveiled its offer for debt restructuring on USD 66 billion foreign currency-denominated bonds. Starting on that date, the offer is valid for 20 days, a period during which difficult negotiations with bondholders are expected to take place. Based on the first reactions from some of creditor groups, one could well get the sense that the offer is “dead on arrival.”