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ARGENTINA: Provincial bond snare avoided but bigger tests lie ahead

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Buenos Aires provincial Governor Axel Kicillof announced yesterday, 4 February, that the province will make a USD 250mn bond amortization payment after failing to convince enough bondholders to accept his proposal to delay the payment (originally due on 26 January) until May. Kic...

 

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ARGENTINA: Provincial bond snare avoided but bigger tests lie ahead

Buenos Aires provincial Governor Axel Kicillof announced yesterday, 4 February, that the province will make a USD 250mn bond amortization payment after failing to