Argentina’s Chubut Bonds Tumble as Province Seeks Debt Overhaul

(Bloomberg) -- Argentina’s Chubut province bonds plunged to the lowest since November after local officials said they wanted to renegotiate the debt.The bonds due 2026 slid as much as 8 cents to 63.3 cents on the dollar after its economy minister Oscar Antonena proposed reducing coupons and suspending principal payments for four years on $650 million of the overseas bonds. Antonena told local reporters that the province is sending the proposal to its local legislature along with a fiscal r