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Emerging MarketsEM LatAm

City of Córdoba launches restructuring with Moneda support

Argentina, Córdoba, Cordoba, province, cathedral, Latam, restructuring, 575

Just one day before a likely hard default on its $150m of 7.875% 2024s, Argentina's City of Córdoba on Wednesday asked bondholders to modify the payment terms according to a plan that already has the backing of Chilean asset management firm Moneda.

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