Macroeconomy/Finance

Government ratifies that it will not pay maturities for $944 mn

July 24 is the new deadline for reaching an agreement with foreign bondholders; the national government should pay $944 million in debt interest under international legislation. But it will not. Thus, new securities will be added to the default in which Argentina entered on May 22 after did not pay $503 million in interest on three Global bonds.

Source: Ámbito

Categories: Macroeconomy/Finance