Argentina sacrifices locals for NY law peace

Argentina, peso, restructuring, default, 575, LatAm, coronavirus, face mask
By Oliver West
08 Apr 2020

Argentina’s move to suspend domestic law bond payments for the rest of the year encouraged holders of its foreign law debt, some of who are beginning to spy value in the battered curve.

On Sunday evening, Argentina issued an emergency decree declaring that it would delay — until December 31 — payments on more than $9bn of local law foreign currency debt maturing this year. The maturity dates of some of these bonds had already been unilaterally pushed back by ...

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