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Emerging MarketsEM LatAm

Creditors set to reject Buenos Aires offer despite improvement on sovereign

Province of Buenos Aires, PBA, Argentina, cathedral, LatAm

Bondholders and analysts said that the Province of Buenos Aires had offered slightly better terms than the Argentine sovereign with its distressed debt exchange, but the offer, for $7.148bn of debt, is still likely too aggressive to gain traction with investors.

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