Buenos Aires' bondholders have hired a legal advisor
November 3, 2020
Ad Hoc group of Buenos Aires bondholders hired White&Case and Ayres Investment Management to evaluate available options to reach progress in the deal. This group consists of 40 institutions that acquire more than 49% of the province's bonds.
Let us remind you that the Argentinian province is in default for 6 months (since May 11). The first exchange offer was launched in April but was rejected by bondholders. As a result, the issuer extended the offer many times. The latest deadline is set for November 6.
The hiring of a legal advisor may help the parties come to an agreement.
Company — Buenos Aires (province)
Full nameProvince of Buenos Aires