Senate Approved Plan to Pay Two Vulture Funds for $ 171 Million
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The project supports a payment plan to two groups of remaining creditors for a total of 171 million dollars.The text will now be passed to Deputies for final treatment.The post Javier Milei's government obtained half a sanction from the Senate to pay off debt of 2001 appeared first on El Intransigente.
With the impetus of the ruling party, the Senate gave half a sanction to a project that approves the plan of payment to two vulture funds for a total of 171 million dollars. This is due to an agreement of economic conciliation that reached the government of Javier Milei with these signatures, which will now have to obtain its final approval in the Chamber of Deputies before the deadline of 30 June.
After a session marked by strong political crossings, negotiations between blocs and a fourth intermediate that allowed the debate to open, the Senate granted half a sanction to the conciliation agreement with the Bonistas affected by the 2001 default.
After the approval of the bill of 74 judicial appointments, the government managed to give half a sanction in the Senate to the payment plan that the government agreed with two vulture funds for the total sum of USD 171 million. The initiative will pass to Deputies for the final debate. The bill had 40 favorable votes and 22 against and must be converted into law by June 30, the last deadline established between Casa Rosada and the parties for t…
The Senate approved this Thursday the project promoted by the government of Javier Milei to cancel a debt of USD 171 million with the funds Bainbridge Ltd. and Attestor Value Master Fund LP, two of the last holdouts that hold disputes against Argentina for the default of 2001.The initiative obtained 44 votes in favor and 22 against and now will be treated by the Chamber of Deputies before 30 June, deadline set in the agreement.The proposal seeks…
The Senate approved the government’s bill to cancel default sovereign bonds acquired in 2001 by Attestor Master Value and Bainbridge Fund. The agreement was approved by Judge Loretta Preska of the District of New York in March and will lose its validity on June 30. The payment to vulture funds would be US$171 million. The bill was to be dealt with in a session called in May, but it had to go back to commission because some bonds were included th…
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