Neuquén improves restructuring offer again

Neuquén improves restructuring offer again

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

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. The ministr

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