Argentina expected to make a symbolic US$ 225 million interest payment

Argentina will layout “guideposts” this week for a restructuring of its nearly US$70 billion in foreign debt, but the country is not yet ready to make a formal proposal to creditors, according to political sources in Buenos Aires. The government of president Alberto Fernandez had initially set the end of March as a deadline for reaching a deal with bondholders but has faced delays in the process, many due to the coronavirus pandemic. Despite the situation, Argentina could make a US$ 225 million interest payment due on Tuesday while trying to keep creditors at ease.

Source: MercoPress