Buenos Aires toughens stance with bondholders

Buenos Aires toughens stance with bondholders

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Regulation Politics Argentina US

Buenos Aires is giving holders of its 2021 bonds until February 5 to accept a four-month deferment on the next payment, suggesting that it is not difficult for them to make a decision as Argentina's biggest province seeks to avert default. On January 14, the province asked for holders of the $750 million in 10.875% notes to accept payment on May 1 for the $250 million due on January 26, while paying the $27 million in interest on time. For the offer to be successful, creditors holding a combined

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