Córdoba city restructures 2024 notes

Córdoba city restructures 2024 notes

Bonds Debt Fixed Income Asset Management Funds Argentina US

The city of Córdoba in central Argentina said Wednesday that holders 83.8% of its 7.875% 2024 bonds agreed to restructure the notes, surpassing the minimum acceptance rate of 75% to seal a deal. The city government reached an agreement late last month with Chile's Moneda Asset Management to alter the terms on the $150 million in outstanding notes and asked other bondholders to adhere to the plan by November 10. The deal extends the maturity by three and a half years and changes the coupon from a

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