Buenos Aires province misses deadline for bond payment

Buenos Aires province misses deadline for bond payment

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Politics Argentina US Coronavirus

Buenos Aires province has entered into default after missing a $110 million bond payment, raising the risk of triggering an acceleration clause if the payment is not made over the next two months or if a $7.15 billion restructuring agreement is not reached with creditors.The province, the largest in Argentina, had until 5 p.m. on Thursday to make the principal and interest payment on dollar- and euro-denominated 4% bonds at the end of a grace period after missing the original payment date of May

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