June 30, 2020 |
Mendoza, a western province in Argentina, said Monday that it extended an offer to restructure $590 million in 8.375% 2024 bonds, following a move by the sovereign to add five weeks to its restructuring invitation as the coronavirus crisis damps economic growth.
Holders of the province's bonds now have until July 6 to accept the proposal, which is being managed by Credit Suisse and AdCap Securities, according to a securities filing.
The offer is to extend the maturity of the bonds to 2029 and re
Argentine province follows the lead of the sovereign to take more time to negotiate deal with bondholders