carlob escribió: ↑
El gobierno, deja la oferta ,abierta,por 20 dias, despues q la apruebe la sec.Pasado ese plazo,si no hay acuerdo, que pasa con los q la aceptaron ? Esos recibiran los nuevos bonos ? Y los que no aceptaron, seguiran con los actuales,para hacer juicio ? O se cae todo, al no lograr las mayorias ? Alguien tiene claro esto ? Gracias.
Risks of Not Participating in the Invitation
In the Event of Failure of the Invitation, the Republic Faces High Refinancing Risk.
If the Invitation is not consummated or if consummated but any debt relief obtained is not sufficient for the
Republic to regain the sustainability of its debt, then the Republic may not be able to continue regular payments
on a portion or all of its indebtedness and faces a significant risk of default, which would further impair the value
and trading liquidity of the Eligible Bonds. Failure to put the Republic’s debt on a sustainable path is likely to
result in continued lack of access to the international capital markets by the Republic for the foreseeable future
and may further limit access to official sector financing. On April 5, 2020, the Republic deferred all principal and
interest payments due on Argentine-law governed U.S. dollar-denominated debt issued by the Republic until
December 31, 2020 or such earlier date as may be determined by the Ministry of Economy. The Republic may
also avail itself of any grace period with respect to payments under its Eligible Bonds falling due while the
Invitation is outstanding.
If the Republic defaults on any Eligible Bonds, such default will not result in a cross-default on (or become
the basis for a cross-acceleration of) any New Bonds.
Additionally, if the Invitation is not completed, the Republic cannot predict whether, or when, it may be able
to implement a successful debt management program affecting the Eligible Bonds or any other outstanding
instruments. Further, if the Invitation is not completed and the Republic pursues alternative debt management
options with respect to its debt obligations, including in relation to certain or all series of the Eligible Bonds, the
terms of such alternative liability management program offered to Holders of Eligible Bonds could be less
favorable than those offered in the Invitation.