Argentine provinces ready restructuring offers

Argentine provinces ready restructuring offers

Bonds Debt Corporate & Sovereign Strategy Fixed Income Argentina Latin America Coronavirus

Argentina’s provinces are pushing ahead with and launching debt restructuring offers in the wake of the sovereign’s deal last week with creditors to renegotiate terms on $66 billion worth of foreign-law bonds, clearing a hurdle that had been keeping them back. Chubut, an oil-rich province in southern Patagonia, launched "formal negotiations" last week after getting approval from the state legislature to move forward on restructuring a $650 million 7.75% bond maturing in 2026, Governor Mariano Ar

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