Argentina delays payment of AF20 bonds for $1.47 billion

Argentina will postpone until Sept. 30 the payment of capital of $1.47 billion he AF20 Dual Bonds maturing on Thursday, the Ministry of Economy announced. The interest ($105 million) will be paid in term as well as the payment in full to individuals with bonds of up to $20 thousand ($9.3 million). After the announcement, Argentine over-the-counter bonds fell an average of 1% on Tuesday, while the country’s risk index expanded 100 basis points to 1982, according to the JP Morgan Plus index.

Source: Clarín