May 15, 2020 |
A group of bondholders has urged the province of Buenos Aires to engage in "meaningful negotiations" to restructure its external debt after extending talks through May 26.
Buenos Aires province is holding discussions with creditors to restructure $7.15 billion in international notes, but it had to push back the deadline after it received a low acceptance rate for a "unilateral and unacceptable proposal," according to the steering committee for the group of bondholders.
"The steering committee co
Province responds by asking creditors for a "plausible" counteroffer