Neuquén announced today that it would not pay interest on the Tideneu bond (2025) of $13.7 mn

Today the interest on Tideneu bonds (2025) was due for more than 13.7 million dollars. Neuquén announced today that it would not pay. The government is trying to get the creditors to accept the restructuring offer that expires this Friday. It will be entered in a 30 day grace period to do so and avoid default. The government of Neuquen intends to restructure a total of $704 million, one of the highest debts after Buenos Aires and Córdoba.

Source: Clarín