Córdoba ups offers as Río Negro seals deal

Argentina, Córdoba, Cordoba, province, cathedral, Latam, restructuring, 575
By Oliver West
03 Dec 2020

Argentina’s second largest provincial issuer, Córdoba, improved its consent solicitation to bondholders on Thursday, increasing proposed coupon payments. The offer comes as Argentine provincial debt talks gain momentum, but Córdoba is still some way off its bondholder group’s latest proposal — though the creditor committee has not yet reacted to the improved offer.

Two days after Río Negro became the fifth Argentine sub-sovereign to reach an agreement with bondholders, Córdoba increased the interest rate it is proposing to pay as part of amendments to its $709.405m of 7.125% June 2021s, $510m of 7.45% September 2024s, and $450m of 7.125% August ...

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