Argentina Starts Roadshow in Bid to Restructure $72 Billion
Traffic moves along a nearly empty General Paz avenue, boundary between the city and Buenos Aires Province, on April 14.
Source: Getty Images
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Argentina and the province of Buenos Aires will start setting up virtual meetings this week with institutional investors as they continue the process of restructuring more than $72 billion in debt, according to people familiar with the plan.
The national government will call on about 20 institutions and funds -- including BlackRock, Ashmore and Fintech’s David Martinez -- to present its offer to restructure $65 billion in debt, the people said asking not to be named because the plan isn’t public yet.