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The Argentine Senate approves the national debt restructuring law

July 31, 2020

The Argentine Senate approved Thursday’s government-sponsored debt restructuring project worth approximately $ 66.3 billion under Argentine law.

The project has been approved by both the ruling party and the opposition and is now headed towards the Chamber of Deputies to be finally sanctioned.

The project provides for the restructuring of Argentine debt that was translated into US dollar public securities under national law through an exchange operation carried out by the Argentine news agency Télam.

The Argentine Senate approves the national debt restructuring lawThe Argentine Senate approves the national debt restructuring law

According to the project, holders of eligible securities who do not comply with the exchange request will continue their deferrals until December 31, 2021, in accordance with the current plan.

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