Tango Bond, agreement on repayment by June to Italian investors

It signed the final agreement for the approximately 50,000 Italians represented by the Task Force Argentina (TFA) in ICSID arbitration proceedings and holders of Argentine bonds in default since 2001. The agreement signed at this time in New York confirms a cash payment equal to 150% original nominal amount of the bonds by the end of June for about $ 1.35 billion, and concerns investors who had not adhered to the two exchange offers (swaps) proposed by the Argentine government in 2005 and 2010.

The money intended to this refund will be filed today to an escrow account at a major international financial institution pending the completion of all formalities with individual bondholders in order to receive a refund at their reference banks. In a statement the president of Tfa, Nicola Stock, reaffirms the "great satisfaction with the good and fair conclusion of an affair lasting many years that will help the normalization of relations between Argentina and the international financial markets.

Thanks are Italians bondholders who have placed their trust in our work and now reap the fruits of their courage and of continuous and active engagement of Tfa ".