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ARGENTINA: Heading towards default but settlement window may not be closed

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The 30-day grace period on a USD 503mn interest payment on three bonds expires tomorrow, 22 May. Failure to pay would result in Argentina’s ninth sovereign default. At this stage, it would be a big surprise if a default is avoided. The government has indicated that it will not ...

 

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ARGENTINA: Heading towards default but settlement window may not be closed

The 30-day grace period on a USD 503mn interest payment on three bonds expires tomorrow, 22 May. Failure to pay would result in Argentina’s