July 8, 2020 / 3:05 PM / a month ago

Argentine bonds strengthen 0.9%, news awaited on debt restructuring

BUENOS AIRES, July 8 (Reuters) - Argentine over the counter bonds rose an average 0.9% on Wednesday and risk spreads tightened 20 basis points to 2,323 over safe-haven U.S. Treasury paper as the market awaited a response from creditors to the government’s bond revamp offer.

Argentina’s Economy Minister said on Tuesday that the fate of a $65 billion debt restructuring deal was in the hands of creditors after the government recently submitted its “final offer”.

Reporting by Walter Bianchi, writing by Hugh Bronstein

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