April 23, 2021 |
A group of creditors said Thursday that it is suing La Rioja for failing to make two interest payments on $300 million in outstanding 9.75% 2025 green bonds, making it the latest Argentine province to face a legal case.
Members of the Ad Hoc Group of La Rioja Bondholders holding 63% of the notes filed their claim on Thursday in the US District Court for the Southern District of New York, the group's legal advisers Quinn Emanuel and White & Case said in a press release.
La Rioja, a small prov
Argentine province can make payments with cash flow from the wind park funded by the 2025 green bonds, creditors say