Buenos Aires province gets nod for restructuring deal

Buenos Aires province gets nod for restructuring deal

Corporate & Sovereign Strategy Coronavirus Economy & Policy Bonds Debt Fixed Income Capital Markets Argentina

Buenos Aires province said Monday that it has received 98% acceptance from bondholders to move forward with a restructuring deal, as investors are seen rushing to sell the new bonds to profit from a expected spike in bond prices as early election results indicate a shift back to center-right politics. The agreement will provide "very important relief in the long term" of $4.6 billion through 2027, Buenos Aires Gov. Axel Kicillof said in a televised press conference. The deal "lengthens the terms

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