BUENOS AIRES, July 6, 2020 (BSS/AFP) – Argentina will present a new offer to restructure its debt on Monday and has extended its deadline for creditors to agree until August 4, the economy ministry announced on Sunday.
President Alberto Fernandez had stated earlier that the term was to be extended until the end of August, saying “it is an enormous effort we are making. It’s the maximum effort we can make.”
The deadline for concluding the negotiations with bondholders had been set for July 24, but was pushed back in an effort to reach an agreement to restructure $66 billion in bonds issued under foreign law.