The government will not cover this Friday’s maturity of $ 503 million

The government extended the negotiation period with the bondholders that was due to expire today until June 2 to advance in the dialogue with the creditors, which will lead Argentina to a selective default since this Friday it will not cover outstanding maturities for $503 million corresponding to the interest of three global bonds. The government plans to make modifications to the offer, to reach a sustainable agreement with creditors.

Source: Ámbito