BUENOS AIRES: The Argentine government formalised its amended bond restructuring offer on Saturday night , confirming in a presidential decree that it would submit the new deal to the US Securities and Exchange Commission on Monday.
In a separate statement the government said that it would make the filing to the SEC on Aug 17, aiming to"bring public finances into balance, give certainty to the private sector and provide the country with a new platform for growth". "The work carried out made it possible to reach consensus on adjustments to model contractual framework adopted by the international community aimed at facilitating the creation of the will that forms the basis of any successful restructuring," it said.The government did not give a new deadline for creditors to accept its offer, though it is likely to have to push the current Aug 24 cut-off to give bondholders a 10-day window after the formal SEC filing.
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