July 22, 2021
Buenos Aires province said Wednesday that it has come to terms with major creditor New York-based GoldenTree Asset Management and other bondholders in its efforts to restructure $7.15 billion of foreign debt and emerge from default.
"This is a key step to recuperate a sustainable debt profile, according to our ability to pay and the enormous difficulties that we must face," Pablo López, the province's finance minister, said in a statement.
Improving economic prospects in Argentina and the vaccin
Argentina's largest province announces an agreement with GoldenTree to lower interest payments by 75% through 2024