Río Negro launches restructuring

Río Negro launches restructuring

Bonds Debt Corporate & Sovereign Strategy Fixed Income Argentina Latin America

Río Negro, a southern province of Argentina, said Tuesday that it has launched an offer to restructure $300 million in 7.75% 2025 bonds after reaching an initial agreement with a group of creditors holding more than 50% of the notes. The provincial government said it will seek to increase the acceptance rate to 75%, activating the collective action clauses for a successful restructuring of all of the outstanding notes, according to a statement. The decision to move forward with the offer, which

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