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Emerging MarketsEM LatAm

Bondholders blast Córdoba debt proposal as default looms

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

A group of bondholders holding more than half of the Argentine province of Córdoba’s international bonds took just one day to yet again reject the issuer’s attempt to amend terms on $1.67bn of bonds. As the countdown to default begins, creditors called for discussions “rooted in the realities of the province’s financial position and outlook”.

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