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Tag: default

Argentina set for default as bondholders reject new terms

2020-05-22 19:27:10| Guardian Unlimited Business - more business news

Talks to restructure unsustainable debt held by overseas investors continueArgentina is on course for a technical default on its government borrowing on Friday as the country continues to hold talks with international investors over plans to restructure its debts.Financial investors said they expected the country to miss $500m (410m) in interest payments on its borrowing, according to the Reuters news agency, as the government tries to renegotiate its borrowing before a 2 June deadline. Continue reading...

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