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Buenos Aires Creditors Raise Legal Demand By $1.6b In NY Courts

ARGENTINA
  • 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. (Bloomberg)

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