About: http://data.cimple.eu/news-article/9a43cac56cc4f92ec96eb063fd963abc64854d0ad229d7c76e8a0836

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/9a43cac56cc4f92ec96eb063fd963abc64854d0ad229d7c76e8a0836 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Recession-hit Argentina on Monday officially presented its offer to the US Securities and Exchange Commission (SEC) to restructure a $66 billion debt under foreign legislation, the government said. It follows the passing of a law on Sunday officially approving the deal reached two weeks ago with three major creditor groups following months of strained negotiations and several missed deadlines. The deal reached on August 4 is worth 54.8 cents on the dollar, a significant increase on Argentina's original offer of 39 cents. According to the documents presented to the SEC, Argentina has "extended the invitation deadline" for the accession agreement to August 28 from August 24. "The Republic encourages all investors to consider the revised terms and conditions of the Invitation and join the Republic to create a sustainable path for the recovery of the Argentine economy," said the economy ministry in a statement. Argentina has already secured the support of the Ad Hoc, Argentina Creditor Committee and Exchange Bondholder groups, as well as other significant bond holders. Last month those three main creditor groups claimed to represent "60 percent of the exchange bonds and 51 percent of the global bonds in circulation." The bonds represent roughly a fifth of the country's $324 billion debt, which amounts to around 90 percent of its GDP. Argentina is in the midst of an economic crisis and has been in recession since 2018. It has been in default -- for the ninth time in its history -- since May 22 when the country missed a deadline to pay $500 million in interest on the debt that is subject to the current negotiation. It missed another deadline three weeks ago to pay $600 million more. Its troubles have been exacerbated by the coronavirus pandemic and more than a third of the 44 million population live in poverty. Inflation stands at 40 percent and the International Monetary Fund expects Latin America's third largest economy to shrink by 10 percent this year. sa/yow/bc/jh
schema:headline	Argentina officially presents debt restructure offer to SEC
schema:mentions	Latin America Creditor U.S. Securities and Exchange Commission Recession International Monetary Fund Inflation United States dollar Poverty Gross domestic product Argentina Pandemic Coronavirus Economy of Argentina Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software