Argentina Extends Debt Deadline for a Month as Talks Sputter

Argentina extended a deadline for bondholders to accept a debt restructuring proposal for a fifth time as creditors blamed the government for “walking away” from talks, Bloomberg News reported. Bondholders now have until 5 p.m. New York time on July 24 to accept Argentina’s debt proposal, according to a government statement. It said officials plan to use the extension to keep talking with investors. Successive deadline delays since the nation’s May 22 default hold little significance to the talks themselves, as investors have said they wouldn’t immediately take legal action while negotiations are under way. Yet after talks hit a roadblock this week, the creditors said they’re mulling “all available rights and remedies” available to them. Read more

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