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International

Creditors reject Argentina's debt restructure, make new offer: statement

Published Mon, Jul 20, 2020 · 10:45 PM
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[BUENOS AIRES] Three groups of creditors announced on Monday they had rejected Argentina's proposal to restructure US$66 billion of debt and have made a counter offer to President Alberto Fernandez's government.

"Argentina's offer is short of what the creditor groups can accept," said the creditors in a statement, adding that they would not meet the government's August 4 deadline to find an agreement.

AFP

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Debt restructuring

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