Argentina strikes deal to restructure $65bn debt


Alberto Fernández

Argentinian president Alberto Fernández

Argentina has a struck a deal to restructure $65 billion in external debts, having defaulted for the ninth time in May this year.

The breakthrough will see the government pay out on the restructured bonds earlier than originally proposed, without increasing the principal or interest payments.

“Today [we] have reached an agreement that will allow members of the creditor groups and such other holders to support Argentina’s debt restructuring proposal and grant Argentina significant debt relief,”

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