# To stave off default, Argentina asks bondholders for more time | Buenos Aires Times

> Argentina's overseas bonds fell toward 40 cents on the dollar, a record low, after President Macri asked creditors for more time to repay. Some Argentine mutual funds suspended redemptions as the government pursued debt extensions.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/57878-to-stave-off-default-argentina-asks-bondholders-for-more-time-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Debt restructuring and bond stress widen the risk of further peso weakness and disorderly export financing, which can influence Argentine soymeal pricing and trade flows.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/to-stave-off-default-argentina-asks-bondholders-for-more-time.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.