Buenos Aires Creditors Raise Lawsuit Stakes, Add Trustee to Case

Bondholders for Argentina’s Province of Buenos Aires increased their legal claim against the province for missed debt payments after talks to restructure the province’s $7.1 billion in overseas debt fizzled last month.

Creditors increased their demand by $1.6 billion and added the bonds’ indenture trustee U.S. Bank to the claim, documents filed in New York’s Southern District court showed.

The increased legal action raises the stakes in the effort to restructure the province’s debt, which has languished in default for over a year. Talks between the province and its largest international creditors broke down last month, after amended debt restructuring ...