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Emerging MarketsEM LatAm

Salta lands debt agreement but PBA bondholders say issuer position 'intolerable'

Argentina, peso, restructuring, default, 575, LatAm, coronavirus, face mask

The Argentine province of Salta will in the coming days launch a restructuring offer that already has the buy-in of 40% of its creditors. Yet Buenos Aires, the country’s largest sub-sovereign issuer, is testing bondholders' patience after nine months in default.

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