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The Argentine Chamber of Deputies approves the debt restructuring project under national law

August 5, 2020

The Argentine Chamber of Deputies approved the government-sponsored debt restructuring project worth approximately $ 66.3 billion under Argentine law this Tuesday.

The bill, which was approved by the Senate last week, was approved with 247 votes in favor, two against and one abstention, according to the Argentine Chamber of Deputies on the social network Twitter.

As the House of Commons emphasized, the initiative treats “titleholders under national law as well as holders under foreign law”.

The Argentine Chamber of Deputies approves the debt restructuring project under national lawThe Argentine Chamber of Deputies approves the debt restructuring project under national law

In particular, it provides for the restructuring of Argentine debt implemented in US dollar public securities under national law through an exchange operation carried out by the Argentine news agency Télam.

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