02-08-2020 17:45 via uk.finance.yahoo.com

Argentina creditors seek global support for bond clause changes

A group of Argentina's creditors has contacted the Institute of International Finance and other global bodies for support to amend legal clauses in its sovereign bond restructuring, a spokesman for the organisation said.Buenos Aires is trying to clinch a deal to restructure around $65 billion (49.7 billion pounds) in foreign debt by Tuesday, though it is likely to push that deadline back after bondholders grouped behind a counter-proposal, causing an impasse in talks.Specific details of what cre
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