Macroeconomy/Finance

Buenos Aires province in talks with creditors to delay payment

Buenos Aires province has started talks with more than 10 groups and individual creditors as officials seek their blessing on a plan to delay a $250 million payment due this month. Owners of at least 75% of the securities must accept the proposal by Jan. 22 in order to change the terms of the notes, according to a filing. The uncertainty over whether the province will come up with the money has hit bondholders this week, reaching the lowest since mid-December.

Source: Bloomberg

Categories: Macroeconomy/Finance