November 17, 2020 |
Neuquén, the most productive oil and natural gas province in Argentina, said Monday that it has improved an offer for restructuring $328 million in 8.625% 2028 bonds at the request of some bondholders and has given them additional time to accept as well.
The southwestern province said it increased the cash sweetener to $33.55 for every $1,000 in outstanding bonds, according to a press release from the Economy Ministry. That is up from $33.40 before, according to a previous statement.
Argentine oil-producing province wants to strike a deal by November 24