July 6, 2020 |
(Updates bond prices and adds stock prices to reflect rally in domestic and foreign markets)
Argentina improved its offer to restructure $66 billion in foreign-law bonds to trim the losses for creditors on Sunday night, the latest effort to rally enough support for a deal to avoid potentially lengthy lawsuits and the prospect of being locked out of international financial markets just when the economy faces perhaps its worst recession in history.
An updated proposal by Buenos Aires, which gained
Government trims haircut, shortens maturities and sweetens deal, giving bondholders until August 4 to decide