Argentina, Creditors Closer to a Deal With Deadline Looming
- Country weighing extending the deadline for $65 billion offer
- Government, two creditor groups sent new proposals Thursday
People wearing protective masks walk along a pedestrian-only street in the Belgrano neighborhood of Buenos Aires, Argentina, on May 14.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina and its key bondholders are getting closer to a $65 billion debt restructuring deal after the country defaulted on its overseas debt for the ninth time in its history.
While still at odds over several key issues, the latest changes in the proposals by the government and two groups of creditors published Thursday signal the difference between both sides is narrowing. Argentina is now weighing extending the deadline for its offer beyond June 2, giving the parties more time to reach a deal, according to people with direct knowledge of the matter.