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Bondholders expected to reject offer from Buenos Aires province

Bondholders expected to reject offer from Buenos Aires province

April 27, 2020 | Charles Newbery
Argentina's largest province throws in a sweetener with interest-only bonds in a $7.15 bln restructuring proposal

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Regulation Politics Argentina United States Latin America Coronavirus

Bondholders are likely to reject an offer from Buenos Aires province to restructure $7.15 in debt as they angle for better terms in negotiations, market analysts said on Friday. Many of the province's creditors are the same investors who snubbed a proposal from the federal government last week to restructure nearly $65 billion in external bonds, meaning Buenos Aires' success in debt talks is closely tied to the forutnes of the federal government, said Gustavo Neffa, a director at Research for Tr

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