Entre Ríos wraps up debt exchange

Entre Ríos wraps up debt exchange

Bonds Debt Latin America South America Argentina Coronavirus

Entre Ríos, a central province in Argentina, said Tuesday it got 97.2% participation from creditors for an offer to restructure $500 million in 8.75% 2025 international notes, helping to stretch out repayments and lower the interest rate by 20%. The deal provides the province with the a better outlook for "facing all its future commitments without inconvenience," Economy Minister Hugo Ballay said in a statement. The negotiations were not easy, he admitted. Entre Ríos failed to make a payment on

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial