RIO DE JANEIRO, BRAZIL - Argentina’s Buenos Aires province has extended the deadline for a US$7 billion debt restructuring deal and agreed to renew a “last round” of talks with creditors after more than a year of difficult negotiations.
The country’s wealthiest province said it would push the much-delayed deadline until July 23 for its foreign creditors to respond to its proposals, after the previous cut-off passed last week without a deal.
The local government added in a statement that some of its bondholders, including members of the important Ad Hoc creditor committee, had agreed to . . .
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