Argentina needs at least 66.6% of all bondholders to participate in a bond exchange for it to be valid, according to the latest filing with the Securities and Exchange Commission.
The government would also consider the offer to be valid if holders representing at least 60% of one or more series of the 2005 indenture bonds and 2016 bonds participate in the exchange, or if the equivalent of more than 50% of all eligible bonds for each indenture take part.
The minimum thresholds may help the government to reach an agreement with part of its bondholders even if it doesn’t ...
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