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Buenos Aires province restructuring offer gets thumbs down – again

Buenos Aires province restructuring offer gets thumbs down – again

May 6, 2020 | Charles Newbery
Bondholders' rejection could push Argentina's biggest province to default as soon as May 11

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

With the clock running down for Buenos Aires province to avoid a hard default, a group of bondholders said on Tuesday that it is still not convinced by an offer to restructure $7.15 billion in cross-border bonds. The steering committee for the group of bondholders, who together hold more than 40% of the province's eligible foreign debt, repeated a previous rejection of the offer, which was made on April 23. The group "remains in resolute in its rejection" of the province's offer, the steering co

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