Argentina unveils sweetened debt offer to creditors; sets August 4 deadline

Argentina’s government unveiled an amended restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal. The country’s center-left President Alberto Fernandez had told local radio earlier on Sunday that the new proposal would be released and was the “maximum effort” the recession-hit country could make.

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