Buenos Aires province sweetens offer for late payments

Buenos Aires province sweetens offer for late payments

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Regulation Politics Argentina US

In an effort to avoid default, Buenos Aires province has sweetened its offer to accept a four-month deferment on a $250 million bond payment, a process that Governor Axel Kicillof suggested on Monday is not proving easy. Argentina's biggest province said it is offering to pay 30% of the capital on the latest payment of the $750 million in 10.875% 2021 bonds that came due on January 26. The creditors have until Tuesday morning to accept deferment until May 1, the province's Ministry of Finance sa

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