Argentina’s Top Creditors Submit New Debt Proposals
- Bondholder groups sent separate proposals to the government
- South American nation has key debt payments due May 22
A sign displays "Maintain Distance" on Corrientes Avenue in the Montserrat neighborhood of Buenos Aires, Argentina, on May 14.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina’s largest creditors sent Alberto Fernandez’s government new counteroffers in an effort to reach a $65 billion restructuring deal in the coming week.
A bondholder group that includes BlackRock Inc., Ashmore Group Plc and Fidelity Investments submitted one of the proposals late Friday, according to people with knowledge of the matter. Another joint plan was presented in separate statements, one by the Argentina Creditor Committee, Fintech Advisory and Gramercy Funds Management, and another by the Exchange Bondholder Group, said the people, who could not be named because the talks are private.