Selected Debt Restructuring Operations
(Billions of US dollars; unless indicated otherwise)
|Public Debt (end-2019)1||206.5||55.7|
|Public Debt (end-2019; percent of GDP)1||56.2||51.8|
|Debt Subject to Restructuring||80.2||17.4|
|Domestic Law2||15.2||. . .|
|Cash flow Relief, 2020–30||33.3||16.4|
|Recovery Value (percent; 10 percent discount rate)||55.1||55.0|
|Yields (weighted average)||11–12||9.6|
for Argentina, excludes debt held by other public sector entities.
for Argentina, excludes US$3 billion in foreign currency debt converted to local currency.
Standard & Poor’s.
Includes past-due interest (PDI) bonds. In the case of Ecuador, the amount of PDI is as of September 1 and is after the nominal haircut. for Argentina, PDI is as of September 4, 2020.