Argentina’s debt restructuring is likely to get approval, say lawyers

The Argentine congress in Buenos Aires/Shutterstock.com/Evgeniya Uvarova

After months of talks, the Argentine government and bondholders have reached a breakthrough in negotiations over the country’s foreign bonds, which are worth US$65 billion. While bondholders’ assent is still pending, lawyers believe the deal will get the required approval numbers, marking the country’s return to the international capital markets.