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ru24.net
News in English
Август
2019

Argentina tries to avoid repeat of 2001 default by asking bondholders for more time

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The notes reached a record low hours after Macri's economic advisers laid out a series of desperate measures to try to lighten the debt load. They are forcing investors in short-term notes issued in the local market to accept longer maturities; they will ask foreign bondholders to "voluntarily" push out maturities; and they will plead with the International Monetary Fund to delay the repayment schedule on its record $56 billion loan just a year after getting the bailout. Read More



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