2020 Argentina Public Debt Exchange Offer

Last week Argentina launched an exchange offer to restructure its public debt subject to foreign law. Certain bonds issued under the 2005 Indenture and the 2016 Indenture are eligible to be tendered in the exchange under which Argentina offers five new bonds due in 2030, 2036, 2039, 2043 and 2047. Holders tendering their bonds would also consent to modify any eligible bonds of the relevant series that remain “outstanding” after giving effect to the exchange offers.