Argentina is planning to amend its offer to creditors to restructure $65 billion in foreign debt, with talks on a positive course despite there being an 'important distance' left to cover, Economy Minister Martin Guzman told Reuters.
BUENOS AIRES - Argentina is planning to amend its offer to creditors to restructure $65 billion in foreign debt, with talks on a positive course despite there being an “important distance” left to cover, Economy Minister Martin Guzman told Reuters.
The South American country’s government on Thursday extended a deadline for talks until June 2 after an initial restructuring offer failed to gain sufficient support. The country is also expected to miss bond payments due on Friday. “We extended the offer so we can gain some time to make those amendments, and those will be determined in the process of negotiations over the next days.”
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