Neuquén gives bondholders a few more days

Neuquén gives bondholders a few more days

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Argentina Latin America Coronavirus

Neuquén, the most productive oil and natural gas province in Argentina, has again extended its restructuring offer for $694 million in two cross-border bonds, giving creditors four more days to decide. Holders of $366 million in 7.5% 2025 bonds and the remaining $328 million of $350 million in 8.625% 2028 bonds have until Friday to accept the offer, Economy Minister Guillermo Pons said in a statement on Monday. Pons did not provide reasons for giving bondholders more time. The southwestern provi

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