About: http://data.cimple.eu/news-article/3641a96266786156dd37c4f906f5b99b9c356c18271c5812974ed755

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About: http://data.cimple.eu/news-article/3641a96266786156dd37c4f906f5b99b9c356c18271c5812974ed755 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Argentina remains open to negotiation with its international creditors and has extended its offer to restructure its debt until Monday, President Alberto Fernandez has said. Buenos Aires has been deadlocked with creditors over its $65 billion debt, with the three main bondholder groups rejecting a government restructuring proposal that expired on Friday. "The possibility of extending the offer continues until Monday, May 11. When this term expires, we will define the steps to be followed," Fernandez tweeted Saturday. "We continue our dialogue with creditors in good faith, with the aim of reaching a sustainable agreement," he said. "As always, our goal is to make commitments that we can meet," he added. A 30-day grace period for a $500 million bond payment that Argentina already missed expires on May 22. The economy minister, Martin Guzman has taken an aggressive stance on debt, partly driven by a need to free up resources to tackle the coronavirus pandemic in the recession-hit South American nation. On Saturday he reiterated Friday's message that Argentina was still negotiating, and thanked creditors who supported the proposal. Buenos Aires' offer to its creditors includes a 62 percent discount on interest ($ 37.9 billion) and 5.4 percent on capital ($ 3.6 billion). The country is also requesting a three-year moratorium, which would imply no payments until 2023. Failure to pay would mean a default, a near doomsday scenario for the cash-strapped country that would prevent the government from seeking credit from financial markets. Argentina -- in recession for two years -- has also been in lockdown since March 20, further damaging its already battered economy. ls/ll/rbu/rma
schema:headline	Argentina extends offer to restructure debt
schema:mentions	Great Recession Alberto Fernández Glenn L. Martin Company Buenos Aires Lockdown Argentina Pandemic United States President of the United States Coronavirus disease 2019 Hoover Moratorium Ls Qiang language
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	76 (xsd:integer)

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