07 Oct 2020
The Province of Mendoza Liability Management Exchange Offer
The Province of Mendoza Exchange Offer - The Province of Mendoza became the first Argentine province to complete a restructuring of its international bonds in 2020 after a proposal, amended twice, achieved enough backing to trigger the collective action clause. The exchange offer for the Province's USD590m 8.375% 2024s achieved lower interest payments and pushed out the maturity. Linklaters advised the Dealer Managers.
Editorial
07 Oct 2020 The Province of Mendoza Liability Management Exchange Offer
The Province of Mendoza Exchange Offer - The Province of Mendoza became the first Argentine province to complete a restructuring of its international bonds in 2020 after a proposal, amended twice, achieved enough backing to trigger the collective action clause. The exchange offer for the Province's USD590m 8.375% 2024s achieved lower interest payments and pushed out the maturity. Linklaters advised the Dealer Managers.