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(0) NEW YORK, April 22, 2021 /PRNewswire/ Members of the Ad Hoc Group of La Rioja Bondholders (the Group ) holding 63% of the outstanding 9.75% Notes due 2025 (the Notes ) issued by the Province of La Rioja (the Province ) filed a claim today in the United States District Court for the Southern District of New York seeking a judgment against the Province in respect of the Province s default on the Notes. To date, the Province has missed two semi-annual interest payments on the Notes. The Province has made no serious efforts, either before or since its payment default, to engage with the Group to negotiate a consensual debt restructuring. ....
Members of Bondholder Group Sue Province of La Rioja in U.S. District Court in New York prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.