July 8, 2020 / 7:36 PM / a month ago

Argentina's Guzman says "clearly" no room to improve debt revamp offer

BUENOS AIRES, July 8 (Reuters) - Argentina has no room to improve its latest debt restructuring offer to creditors, Economy Minister Martin Guzman told Reuters on Wednesday, as the country looks to win bondholders over to a deal and avert a messy default and legal standoff.

The South American grains producer unveiled what it said was its “final” offer on Sunday to revamp around $65 billion in foreign debt, which drew initial support from some creditors and has helped pump up sovereign bond prices so far this week.

“We made our maximum effort,” Guzman told Reuters and one other media organization in an interview at his offices in Buenos Aires, adding there was “clearly not” any room for amending the offer further.

Reporting by Hugh Bronstein; Writing by Adam Jourdan

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