Argentina to make debt coupon payment as normal

March 31, 2015 2:42 PM

59 0

BUENOS AIRES, March 31 (Reuters) - Argentina will make an interest payment on its restructured debt on Tuesday as planned, an economy ministry spokeswoman said, although payment will almost certainly not reach most bondholders.

If the South American country fails to complete the transfer by the end of Tuesday, it will have a one-month grace period before its sovereign debt default on foreign law exchanged bonds spreads to exchanged debt held under local law.

Read more

To category page

Loading...