Arg holdouts say new alliance holds over half of bonds

Argentina, racing, gambling, restructuring, crowd, unity, fight, 575, LatAm
By Oliver West
28 Jul 2020

After Argentina said on Saturday that it was looking at improving the legal — but not financial — terms of its latest exchange offer. Dissenting bondholders have united further and now say they hold more than half the sovereign’s outstanding notes.

Three organised creditor groups — the Ad Hoc Bondholder Group, the Exchange Bondholder Group, and the Argentina Creditor Committee — joined forces last week to submit yet another counterproposal after Argentina made what it called its “final offer” on July 6. At the time, they said they ...

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