By Reuters Staff
3 Min Read
LONDON, Feb 9 (Reuters) - Creditors holding Eurobonds issued by Argentina’s YPF have called on the state energy company to cancel its proposed debt swap beyond the 2021 bond, a source said on Tuesday.
YPF, which has earmarked $6.2 billion of its debt for restructuring, swerved default on Monday after winning support from a key creditor group to swap a $413 million bond coming due in March.
However, creditors were not prepared to agree to swap out the other six notes coming due between 2024 and 2047, a source familiar with the thinking of the Ad Hoc creditor group said, adding this was seen as an “opportunistic” push by YPF.
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Posted on January 1, 2021.
The developments since the presidential election in the United States have captured the media’s attention almost as much as the process itself. President Donald Trump’s refusal to recognize Joe Biden’s victory, the silence of many of the Republican representatives and the number of appeals lodged at different levels of judicial power, all the way up to the Supreme Court, with the goal of winning in the courts what had been lost in the ballot boxes, has kept the entire world surprised and incredulous. This is an unprecedented situation in a country leading in democratic values and in which the transition of power has occurred without major trauma for many years.