January 5, 2021
A group of bondholders has dismissed the latest restructuring offer from the province of Córdoba in Argentina, saying the newest plans still fall short of the "terms that could be the basis of a consensual resolution."
Córdoba, the second most-populous province in Argentina, announced more changes to its restructuring proposal on January 1, offering to pay higher interest rates on $1.67 billion in debt. It also moved up the deadline for bondholders to adhere to the agreement to January 14 from J
Ad-hoc group says the province's newest proposal fails to account for a rosier outlook in the medium term