Mendoza extends restructuring offer

Mendoza extends restructuring offer

Bonds Debt Corporate & Sovereign Strategy Argentina Latin America

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

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