Jujuy reaches preliminary restructuring agreement

Jujuy reaches preliminary restructuring agreement

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

Jujuy, a northwestern province in Argentina, said it has reached a preliminary deal with a group of bondholders to restructure $210 million in 8.625% 2022 bonds, gaining more time to pay the debt at a lower interest rate. The province reached the "agreement in principle" with an ad hoc group represented by VR Advisory Services and holding more than 50% of the principal, it said in a statement late on Monday. As a result, Jujuy said it will launch a consent solicitation including the agreed amend

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