Read more about Argentina reaches $65-billion debt restructuring deal after default. on Business Standard. The agreement is the product of months of talks between the government and large investment firms
and its largest creditors struck a deal to restructure $65 billion of debt, setting the stage for the South American nation to emerge from its third default since the turn of the century. The government said in a statement Tuesday that the deal with key creditors would provide “significant debt relief” and that interest and capital payment dates for some new exchange bonds were moved forward to reach the agreement.
