Argentina creditors set for battle as government calls for united front

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Argentina creditors set for battle as government calls for united front

Argentina, Martin Guzman, Alberto Fernandez, President, Finance Minister, Restructuring, LatAm
Alberto Fernandez, Martin Guzman during the Presidential Inauguration Ceremony at National Congress on December 10, 2019 in Buenos Aires, Argentina. (Photo by Mario De Fina/NurPhoto) | Mario De Fina/NurPhoto/PA Images

Bondholders are expected to fight a formal restructuring proposal from the Argentine government that should arrive on Friday and proposes heavy haircuts, say market participants. Argentina’s government appears ready to play hard ball.

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