Argentina creditors call for action over words as restructuring extended

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Argentina creditors call for action over words as restructuring extended

Argentina, peso, restructuring, default, 575, LatAm, coronavirus, face mask

Argentina officially entered default for the ninth time on May 22 as the grace period expired on $503m of overdue coupon payments. However, there is increased optimism that the sovereign will reach an agreement with bondholders after the largest creditor group said “direct and immediate discussion” was required.

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