Córdoba city asks to re-profile 2024 notes

Córdoba city asks to re-profile 2024 notes

Bonds Debt Corporate & Sovereign Strategy Argentina Latin America

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

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