September 14, 2020 |
The city of Córdoba, the second most populated city in Argentina, said Friday that it has asked holders of its 7.875% 2024 bonds to discuss re-profiling the notes, as more sub-sovereigns seek to do the same.
The municipal government said in a statement that bondholders must sign non-disclosure agreements to engage in negotiations, but it did not say what it will discuss in the talks beyond extending the repayment schedule.
The city issued $150 million worth of the dollar-denominated bonds in 201
Argentine municipality joins provinces in seeking to stretch out repayment schedules on foreign debt