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Emerging MarketsEM LatAm

Chaco restructures after Buenos Aires delays again

Puente General Belgrano, Chaco, Corrientes, LatAm, Argentina, 575

The Argentine province of Chaco wrapped up a debt restructuring on Thursday after more than 90% of its bondholders agreed to push out the maturity and reduce the coupon of its $250m 2024s. But the Province of Buenos Aires continued to frustrate bondholders, who said negotiations have stalled more than a year after the country’s largest regional government defaulted.

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