The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history. A second debt restructuring in 2010 brought the percentage of bonds under some form of repayment to 93%, though ongoing disputes with holdouts remained. Bondholders who participated in the restructuring settled for repayments of around 30% of face value and deferred payment terms, as well as warrants that paid investors based on annual economic growth as part of the same offer, and began to be paid punctually; the value of their nearly worthless bonds also began to rise.
Argentina's president Néstor Kirchner announces the early repayment of its external debt to the IMF.
The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that...
Historical Significance
The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history.
Events Before
After hosting the show for over 30 years, Casey Kasem steps down as host of "American Top 40" and is succeeded by Ryan S
After hosting the show for over 30 years, Casey Kasem steps down as host of "American Top 40" and is succeeded by Ryan Seacrest
Britney Spears has her surprise marriage annulled less than 55 hours after tying the knot with childhood friend Jason Al
Britney Spears has her surprise marriage annulled less than 55 hours after tying the knot with childhood friend Jason Alexander at the Little White Wedding Chapel in Las Vegas
Mark Zuckerberg launches Facebook from his Harvard dormitory room
Mark Zuckerberg launches Facebook from his Harvard dormitory room
American singer-songwriter Solange Knowles (17) weds Texas Southern University football player Daniel Smith (19) at Old
American singer-songwriter Solange Knowles (17) weds Texas Southern University football player Daniel Smith (19) at Old Bahama Bay Resort in Grand Bahama Island; divorce in 2007
Luciano Pavarotti performs in his final opera, "Tosca," at New York's Metropolitan Opera
Luciano Pavarotti (12 October 1935 – 6 September 2007) was an Italian operatic tenor who during the late part of his career crossed over into popular music, eventually becoming one of the most...
Events After
Sydney, Australia, swelters through its hottest New Year's Day on record, with the temperature peaking at 45.8 degrees C
Sydney, Australia, swelters through its hottest New Year's Day on record, with the temperature peaking at 45.8 degrees Celsius, sparking bushfires and power outages
American actor Eddie Murphy (44) divorces Nicole Mitchell after 13 years of marriage
Edward Regan Murphy is an American comedian, actor, and singer. He had his breakthrough as a stand-up comic before gaining stardom for his film roles; he is widely recognized as one of the greatest…
Actor-writer Charlie Shanian (39) divorces former Beverly Hills, 90210 actress Tori Spelling (32) only 15 months after t
Actor-writer Charlie Shanian (39) divorces former Beverly Hills, 90210 actress Tori Spelling (32) only 15 months after their lavish $1-million wedding
Nepalese security forces open fire on pro-democracy protesters demonstrating against King Gyanendra, injuring hundreds.
Nepalese security forces open fire on pro-democracy protesters demonstrating against King Gyanendra, injuring hundreds. The protesters secure the restoration of parliament and a federal state
"Dallas" actress Victoria Principal (56) divorces plastic surgeon Harry Glassman (63) due to irreconcilable differences
"Dallas" actress Victoria Principal (56) divorces plastic surgeon Harry Glassman (63) due to irreconcilable differences after nearly 21 years of marriage
More from the 2000s
Angourie Rice is born
Angourie Rice, Australian actress, known for australian actress, was born on 2001-01-01. Angourie Isabel Teresa Rice is an Australian actress.
Shirley Chisholm dies
Shirley Chisholm politician, known for american politician, died on 2005-01-01. Shirley Anita Chisholm ( CHIZ-əm; née St.
Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Mill
Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Millennium
Euro banknotes and coins become legal tender in twelve of the European Union's member states
There are eight denominations of euro coins, ranging from one cent to two euro (the euro is divided into a hundred cents). The coins first came into use in 2002.
Frequently Asked Questions
- What happened on December 15, 2005?
- The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history. A second debt restructuring in 2010 brought the percentage of bonds under some form of repayment to 93%, though ongoing disputes with holdouts remained. Bondholders who participated in the restructuring settled for repayments of around 30% of face value and deferred payment terms, as well as warrants that paid investors based on annual economic growth as part of the same offer, and began to be paid punctually; the value of their nearly worthless bonds also began to rise.
- Why is Argentina's president Néstor Kirchner announces the early repayment of its ex... significant?
- The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history.