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Argentina Delays Debt Deadline As Talks Zero In On Deal (2)

June 1, 2020, 10:28 PM

Argentina said it would extend the deadline for creditors to accept an initial debt restructuring proposal as bondholders and officials hammer out a deal to restructure $65 billion in international debt.

The country said it would postpone the deadline until June 12 at 5pm ET, and that it would weigh additional changes to the offer after an International Monetary Fund report said the country had some room to improve itl, according to an emailed statement from the Economy Ministry.

The extension may not be the last, and investors expect the government to continue postponing the deadline as long as talks...

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