Argentine Utility Albanesi Approaches Creditors After Missed Bond Payment

Two subsidiaries of Argentina’s utility Grupo Albanesi have reached out to creditors after missing a payment on dollar bonds it issued just six months ago.

Generacion Mediterranea SA and Central Termica Roca SA are approaching bondholders to resolve a dispute over $19 million in interest that came due on May 5, the companies said in a regulatory filing on Tuesday. Debt holders have yet to organize a formal creditors committee, according to people familiar with the matter, who asked not to be named because the discussions are private.