Buenos Aires province delays deadline on restructuring offer

Buenos Aires province delays deadline on restructuring offer

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

Buenos Aires province has extended the deadline for an offer to restructure $7.15 billion in foreign-law bonds until June 5, three days after the federal government plans to reach a similar deal. The province, Argentina's largest, said it wants to use the additional time to "maximize acceptance" for the offer, according to a statement on Monday.Buenos Aires has been struggling to get enough investors to accept the terms, which call for a three-year grace period along with a 55% reduction in inte

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial