Argentina Doesn’t Make Foreign Debt Payments in Restructuring Standoff

Argentina claimed it did not make overseas debt payments coming due on Wednesday—starting a countdown to a achievable default up coming month except authorities and bondholders can restructure tens of billions of bucks in sovereign debt.

The Economic climate Ministry claimed in a statement that it would instead use a thirty-working day grace period on about $five hundred million in interest payments for 3 overseas bonds as it carries on to request a “sustainable debt profile” with global collectors.

…