Argentina Bonds Rise After Default as Investors Await Deal
- Guzman said late Friday government would amend debt proposal
- Country defaulted after missing $500m payment deadline May 22
People wearing protective masks walk along a pedestrian-only street in Buenos Aires.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina’s dollar bonds climbed as the government said it would improve the terms of a debt restructuring proposal for creditors after slipping into default for the third time this century.
Bonds due in 2036 gained 2.3 cents to 33.2 cents on the dollar. Argentina’s century bond followed suit, jumping 3.3 cents to also trade at 33 cents.