Buenos Aires province comes to terms with major bondholder

Buenos Aires province comes to terms with major bondholder

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Fixed Income Funds Capital Markets Asset Management Regulation Argentina United States Europe

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

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