Tag: argentine default

• Friday, May 8th 2020 - 09:23 UTC

  Argentina's countdown to ninth default; some bondholders and IMF trust a last minute understanding

  

  Argentina's Economy Minister Martin Guzman has given the country's biggest bondholders until this Friday to accept the offer he has put on the table to suspend payments until 2023 and reduce interest rates thereafter. One of the largest of those creditors, the investment management firm BlackRock, rejected Guzman's proposal and immediately presented a counteroffer.