Another Argentine province, Chubut, asks to delay payments on debt

Saturday, January 18th 2020 - 08:45 UTC

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The government of Argentina's Chubut province will seek to delay payments on debt after Buenos Aires province, Argentina's largest, also asked its creditors for extensions as the country grapples with a debt crisis, local media reported on Friday. Read full article

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JOHN GALT
The Bondholders of the Chubut 7.75% 2026 secured (oil & gas royalty payments) bonds are NEVER going to agree to subordinate their security and collateral (oil & gas royalty trust payments) so that the mismanaged and bloated Province can spend the bondholders (money) security. The Province of Chubut better move to plan B and bring their excess expenditures under control by reducing staffing and expenses.
Jan 18th, 2020 - 06:51 pm - Link - Report abuse 0
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