Córdoba's bondholders update counter-proposal

Córdoba's bondholders update counter-proposal

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

A group of bondholders have rejected the latest restructuring offer from the province of Córdoba in Argentina and presented a counteroffer to swap $1.67 billion in outstanding bonds for new notes. Córdoba announced a plan on Friday to restructure the old notes, but the bondholder group, which is composed of institutional investors that hold more than 50% of Córdoba's international bonds, said Sunday that it was "disappointed" that the province presented a program that did not come from "good fai

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