Buenos Aires Province prolonged the deadline for debt restructuring
May 26, 2020
Buenos Aires Province prolonged the deadline for the negotiations on bond restructuring until June 5. The previous deadline was set for May 25.
The extended deadline gave a positive signal as there is a chance the bondholders who haven't accepted the proposal yet will agree on it.
The issuer missed payments on dollar and euro bonds due on May 14. It's required an acceptance of holders of more than 75% of the debt to deal with the restructuring proposal.
Company — Buenos Aires (province)
Full nameProvince of Buenos Aires