Formal confirmation came at the promised time. At 8:50 AM yesterday, in Olivos and the Treasury Palace, the news that was most expected was received. The AdHoc Argentine Bondholder Group (AdHoc group), issued its own official statement, confirming that it accepted the proposed restructuring of debt and congratulating the parties on the agreement reached. He also mentioned that the country would save about $ 37 billion dollars “in the next 9 years (2020-2028)” and a mime was included in the Argentina stating that with this agreement the country could return to the capital market. For its particular performance, the group clarified that it always defended the interests of the investors of the money they manage, stating that in most cases they are retired or future pensioners and, most importantly, invites private holders of public securities issued under international law to join the proposal. The statement clarified, almost as a factor of conviction to those who have not yet signed the offer, that the country will have all the necessary legal defenses so that the alternatives of trials in the courts of the Second Southern District of Manhattan are not opened.
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