May 15, 2020 / 8:37 PM / 11 days ago

Bondholders have not submitted new counterproposal since Argentina rejected one: Guzman

FILE PHOTO: Argentine Economy Minister Martin Guzman gestures during an interview with Reuters, in Buenos Aires, Argentina March 11, 2020. REUTERS/Agustin Marcarian

BUENOS AIRES (Reuters) - Argentina has not received a new counter-proposal from bondholders since rejecting one earlier in its debt restructuring negotiations, Economy Minister Martin Guzman said in a virtual conference on Friday.

Argentina is working to strike a deal to restructure $65 billion in foreign debt by May 22 after an initial deadline passed without a pact.

Reporting by Cassandra Garrison; Editing by Leslie Adler

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