Argentine creditors coalesce around government proposal

Argentine creditors coalesce around government proposal

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Argentina Latin America Coronavirus

Argentina's defaulted sovereign bonds traded mixed to lower on Tuesday after creditors holding 60% of its debt joined together to "collectively endorse" a restructuring plan for the nation's $66 billion in foreign obligations. In a letter released to the public late on Monday evening, the bondholders said they pledged their support to the joint proposal that was submitted to the government on July 20 from the Ad Hoc Argentine Bondholder Group, the Argentina Creditor Committee and Exchange Bondho

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