Jujuy strikes creditor deal on green bond restructuring

Jujuy, Argentina, LatAm, restructuring, green bond, solar farm, 575
By Oliver West
02 Mar 2021

Argentina’s northernmost province, Jujuy, said on Monday evening that it had reached an agreement with more than half the holders of its $210m green bond regarding a restructuring proposal that would grant it significant short-term debt relief.

Amid a wave of Argentine provincial restructurings, Jujuy said on December 23 that it intended to restructure its only international bond: an 8.625% September 2022 green note issued to finance a solar farm in 2017. The deal represents nearly a quarter of its debt. 

After concluding negotiations with a bondholder committee ...

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