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. The new proposal https://www.argentina.gob.ar/sites/default/files/anexo-05-07-2020.pdf, which comes after talks to revamp around $65 billion in foreign debt stalled last month, would reduce principal haircuts, increase coupons and include a bond to account for accrued interest, the government said in a statement https://www.argentina.gob.ar/sites/default/files/press_release_roa_en_ingles_con_anexo.pdf that described the amendments as the “final effort”. 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.
