March 11, 2021 |
Jujuy, a northwestern province in Argentina, said Wednesday that it has launched an offer to restructure $210 million in a 8.625% 2022 international bond after reaching a preliminary deal with creditors.
The offer is to extend the maturity until 2027 and pay a step-up interest rate on the bond, starting at 5.25% until September this year and increasing to 5.75% through March 2022 and 8.375% until maturity, according to a securities filing.
The principal will be paid back in equal installments st
Argentine province seeks a longer maturity and lower rate for a $210 mln international bond