Argentina rolls over debt with Chinese firm

Argentina rolls over debt with Chinese firm

Debt Project & Infrastructure Finance Railroads Argentina China

Argentina issued treasury notes for $92.7 million to the local division of China Machinery Engineering Corporation (CMEC) to rollover over debt in connection with a railway contract, according to local press reports. The new issue gives the government until September 2024 to pay the remaining $92.7 million it owes the company, which is upgrading the Belgrano railway, local newspaper Ámbito Financiero reported. The payment due on September 21 was the remaining installment of $370 million owed for

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