Buenos Aires picks banks for restructuring

Buenos Aires picks banks for restructuring

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

Buenos Aires province said it hired Bank of America and Citi to restructure its foreign-law bonds after it almost defaulted on a payment last month, a process that the sub-sovereign issuer hopes will allow it to restore economic growth so it can return to paying creditors on time. In a statement, the Finance Ministry said the banks will assist the province in making the bond payments "sustainable." As part of the process, Argentina's largest province also hired D.F. King, a New York-based proxy

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