Creditors Threaten Buenos Aires Province with Court Actions over Repayment Delay

The provincial government has rejected "the use of pressure tools of a judicial nature to force unsustainable solutions.”

RIO DE JANEIRO, BRAZIL - Argentina’s Buenos Aires province, which owes US$7 billion in foreign debt to a group of creditors, could face harsh repayment terms if it does not urgently address defaults, the group of creditors said on Friday, January 29th.

Since an offer in April was rejected by bondholders, the province has repeatedly pushed deadlines for talks with the group. Meanwhile, Argentina’s federal government recently revamped almost $110 billion in foreign currency bonds.

The Steering Committee of the Ad Hoc Group of Buenos Aires Bondholders said on Thursday it was concerned by a “continuing absence of . . .

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