Argentina deal with bondholders was at 54,8 cents to the dollar; next step IMF negotiations

Wednesday, August 5th 2020 - 08:55 UTC

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Argentina is battling to escape from a messy ninth sovereign default as it firefights recession, stubborn inflation, and increasingly wary investors. The country announced on Tuesday it had reached an agreement with creditors to restructure around US$ 65 billion in foreign debt, breaking a deadlock over recent weeks and setting the stage for a formal deal later this month. Read full article

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