City of Córdoba still negotiating with creditors as NDA expires

Cathedral, Córdoba, Province, Argentina, restructuring, 575, Latam
By Oliver West
13 Oct 2020

The Argentine City of Córdoba on Monday said it was still negotiating with a creditor group holding “a significant amount” of its $150m international bond, but that it had not been able to reach an agreement before non-disclosure agreements expired.

Córdoba, the only provincial capital in Argentina to have issued international bonds, said on September 11 it had contacted holders of its 7.875% 2024s to begin restructuring negotiations. When a coupon payment came due on September 29, the city duly elected not to pay, instead using the grace ...

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