LONDON/BUENOS AIRES Argentina has reached an agreement with creditors to restructure around $65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.
BUENOS AIRES, Aug 4 Argentina is battling to
escape from a messy ninth sovereign default as it firefights
recession, stubborn inflation and increasingly wary investors.
BUENOS AIRES Argentina and its creditors are nearing a breakthrough $65 billion debt restructuring deal, a lawmaker and two sources told Reuters on Monday, the eve of a deadline for a deal that would help avert a damaging legal standoff.
BUENOS AIRES/ASUNCION/BOGOTA Argentina broke past 200,000 COVID-19 cases on Sunday and Colombia set a daily record as grim milestones topple in Latin America, pushing the world's worst affected region towards a combined 5 million cases.
BUENOS AIRES Argentina could cede ground to creditors on key legal terms as it looks to strike a deal to restructure around $65 billion in foreign debt, but the government will not increase overall cash flow in the payout, two sources told Reuters.
BUENOS AIRES/LONDON/NEW YORK Argentina and its creditors are likely to find a way to seal a $65 billion debt restructuring deal, analysts said, despite a standoff after bondholders joined forces to reject a government proposal and put forward one of their own.
BUENOS AIRES/LONDON Argentina's government rejected a counterproposal from the country's three main creditor groups on Monday to revamp around $65 billion in foreign debt, doubling down on its own "final" offer as bondholders appeared to close ranks.
BUENOS AIRES/LONDON Argentina's $65 billion debt restructuring talks teetered on the edge on Wednesday after two key creditor groups knocked back the country's latest "final" offer, while the government signaled that there was no room left to improve the terms.