December 23, 2019 |
Argentina's federal government said Friday that it will delay payment on dollar-denominated Treasury bills for eight months, as it seeks to get back on top of debt payments to avert a major default. President Alberto Fernández issued a decree, signed by his entire cabinet, announcing that the government will not pay the bills that fall due in the near term until August 31, 2020.
Provinces and individual bondholders will continue to get paid on time, but banks and other institutional investors,
Sovereign issuer puts off an estimated $9 bln in bills until August next year