Argentina has agreed to repay $190 million of debt with a group of lenders

BUENOS AIRES, March 10. /Corr. Elena Kondratieva/. The government of Argentina reached an agreement on the repayment of debt of $190 million with another group who refused the restructuring creditors. About it on Wednesday said the mediator in the negotiations between Buenos Aires and creditors Daniel Pollack

“I am very pleased to announce that the Argentine Republic continues to reach agreements in principle with holders of bonds, both large and small,” he brought his Argentine newspaper Ambito. According to Pollack, Argentina, in particular, agreed to pay $52,4 million Bank BNP Paribas and $119 million company from Boston OMG.

The mediator noted that, as in the case of other creditors, the agreement will enter into force only after the Argentine Parliament will vote for the repeal of two laws that do not allow payments refused from restructuring funds. According to local media, subject to this agreement, to date, Buenos Aires agreed to pay creditors more than $8.1 billion. Earlier, the Minister of economy and Finance of Argentina, Alfonso Prat-gay said that the total debt of Argentina is about $20 billion.

In 2005 and 2010, Argentina restructured 93% of its debt, left a legacy after the largest default in history in 2001. The owners of the bonds was offered to exchange for new papers with discount about 70% compared to original cost. However, the owners of the other 7% debt securities, comprised mainly of speculative investment funds, the cancellation is not agreed.

Buenos Aires has implemented some of the payments through one of the new York banks, being thus under the jurisdiction of the American justice system. The court in new York came to the defense of securities holders and ordered Argentina to pay the debt in full. In late February the government of Argentina’s President Mauricio Macri, who took office on 10 December last year, agreed to pay $4.6 billion debt the main group of creditors led by Fund Elliot Management Paul singer. To make payments to Argentina is planning to issue bonds amounting to $11,68 million