After several difficult years, the country managed to negotiate an exchange of outstanding bonds for bonds with a considerably lower face value. About 93% of creditors accepted the exchange and received new bonds with a face value that was about one-quarter of that of the old bonds.
阿根廷在2001年发生过债务违约。在艰难维持了数年之后，该国得以谈妥用票面价值相当低的债权来置换无法偿付的债券。在2005年后，阿根廷开始对新债券进行偿付。