Argentina's government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.
It said the move to sweeten the deal showed the country’s “good faith and willingness to remain engaged with the international financial community”, which it added was key to helping Argentina dig out of a deep economic recession.
Argentina’s government addressed this concern, saying holders of eligible bonds issued under a 2005 indenture would now be able to exchange for new bonds issued under the same indenture, which give creditors greater protection. Argentina will formally present the proposal to the U.S. Securities and Exchange Commission on Monday, the government said in a separate statement.
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