NEW YORK, May 18, 2020 /PRNewswire/ -- Today The Ad Hoc Group of Argentina Exchange Bondholders (the "Exchange Bondholder Group") published its restructuring proposal on the group's website argentinaexchangebondholders.com.
The Exchange Bondholder Group is comprised of 18 investment institutions and collectively holds over 15% of the outstanding Exchange Bonds issued by Argentina under its 2005 indenture and 2010 indenture supplement. Exchange Bonds were issued to investors who participated in the 2005 and 2010 debt exchanges, through which bondholders voluntarily accepted large reductions in net present value to assist Argentina's recovery from the 2001 default. You can follow the group on Twitter at @Argexchangebond.
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SOURCE The Ad Hoc Group of Argentina Exchange Bondholders