Argentina presents new bonds that it will offer to creditors in debt restructuring

BUENOS AIRES, Apr 17 (Reuters) – Argentina presented on Friday the new bonds that it plans to offer creditors in the process of restructuring its debt for some 70,000 million dollars under foreign law, according to an official document published on the website of the Government.

The South American country offers bonds denominated in dollars and euros with maturities in 2030, 2036, 2039, 2043 and 2047, with increasing interest rates of between 0.5% and 4.875% depending on the instrument.

In the case of the shortest bond in dollars, which matures on November 15, 2030, the annual interest rate will be between 0.5% and 1.75% and the principal will be paid in five payments, the first of which on 15 November 2026.

The dollar security maturing on November 15, 2043, will pay an annual interest rate of between 0.6% and 4.875%. The capital will be paid in 14 payments, the first on November 15, 2030.

The document will be filed with the United States Securities Commission (SEC) for approval.

“The terms of the invitation will be established in the invitation material that the Republic (Argentina) intends to distribute after the invitation has obtained all the regulatory approvals,” the government said in the document.

The southern country, which at the end of 2019 accumulated a total debt of 323,000 million dollars, announced on Thursday the debt restructuring plan that includes an interest cut of 62%, a three-year grace period and a capital drawdown 5.4%.

(Report by Eliana Raszewski. Edited in Spanish by Javier Leira)