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1.Market Observations, 8.Was Sticky

30 Aug 2019 (AFR) – Argentina restructures foreign, IMF debt as peso tanks

(30 August 2019, AFR, p18, Eliana Raszewski and Hugh Bronstein)

Buenos Aires | Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of ensuring the country’s ability to pay, Treasury Minister Hernan Lacunza said on Thursday (AEST). At a news conference after meetings with an IMF team visiting Argentina, Lacunza said the government would “re-profile” the maturities of debt owed to the IMF under a $US57 billion ($84.6 billion) standby agreement.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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