Buenos Aires province vows to pay debts despite lawsuit

Buenos Aires province vows to pay debts despite lawsuit

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Fixed Income Coronavirus Latin America South America Argentina

Buenos Aires province vowed Friday to pay its $7.15 billion in external bonds, even as creditors sue the sub-sovereign for repayment after more than a year of negotiations have failed to reach a restructuring deal. "We remain open to dialogue with the creditors to reach an agreement that the province can handle," Gov. Axel Kicillof said in a one-hour press conference. As it stands now, however, the debt is "not payable," he added. Buenos Aires, the largest province in Argentina, opened talks wit

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