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Brazil & Southern Cone - June 2020

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After missing an overdue interest payment of US$503m on foreign debt on 22 May, Argentina formally fell into its ninth default. The government led by President Alberto Fernández has since been seeking to negotiate a debt restructuring deal with foreign bondholders. At the time of writing, it looked likely that the deadline for an agreement in these debt restructuring talks with creditors, set for 12 June, would be postponed by ten days or possibly more.

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