February 13, 2020 / 1:34 PM / 12 days ago

Argentina debt risk spread widens after Guzman comments on restructuring

BUENOS AIRES, Feb 13 (Reuters) - Argentina’s sovereign debt risk spread over safe-haven U.S. treasuries widened 128 basis points to 2,079 bps on Thursday, according to JP Morgan’s Emerging Markets Bond Index-Plus, after a warning on restructuring from the economy minister.

Martin Guzman told Congress late on Wednesday that the country’s debt load was unsustainable and a “deep debt restructuring” was on the way.

He warned the process would likely be “frustrating” for bondholders.

Reporting by Hugh Bronstein and Walter Bianchi; editing by John Stonestreet

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