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Emerging MarketsEM LatAm

Creditors sue Province of Buenos Aires but market bets on resolution

Axel Kicillof, Province of Buenos Aires, PBA, Goldentree, LatAm, governor, restructuring, 575

Investors holding over a quarter of the Province of Buenos Aires’ international bonds said they would “vigorously pursue” the legal proceedings that they began on Tuesday against Argentina’s largest province, which has been in default since April 2020. But bonds rallied as some saw the move as a sign that a resolution was nearing.

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