Debt swap: bondholders say they have had no contact with the government "since June 17"

06/30/2020 - 12:40

• Clarín.com
• Economy
• Economy

The bondholders came out to report that they had not had any contact with the Argentine government authorities since June 17 . In this way, they relativize the information that emerged in the last few hours that they would be in talks to close an agreement with the main creditors that have in their possession dollar bonds governed by foreign law for nearly 66,000 million dollars.

A statement released this noon states: "The ad hoc Group of Argentine bondholders and the Group of Exchange bondholders want to make clear that there has been no significant commitment between them and the Argentine authorities since June 17, to despite inaccurate reports to the contrary. "

"The lack of serious commitment on the part of the Argentine authorities is deeply troubling, given that time is of the essence and all parties must focus on avoiding the devastating legal and economic costs of prolonged non-compliance."

"Creditors remain ready and willing to participate constructively to reach a consensual agreement that Argentina and its creditors can support."

The government extended the deadline until July 24 to close the negotiations. But these weeks he has already incurred two new breaches. He didn't pay nearly $ 100 million for a semi-annual coupon of interest on the 100-year bond, and he won't pay another coupon for $ 570 million on the Discount bond today, either.