MercoPress, en Español

Montevideo, November 13th 2018 - 05:43 UTC

Argentina issues US$ 5bn in bonds to pay importers; some restrictions persist

Monday, December 28th 2015 - 07:31 UTC
Full article 6 comments

The Argentine government will issue bonds worth US$5 billion to be auctioned this week to pay back debt from imports during the previous Cristina Fernandez administration, according to a resolution published by the current government. Read full article

Comments

Disclaimer & comment rules
  • willi1

    “The bonds will be issued under local legislation, keeping them safe from any possible court action by holdouts or “vulture” funds trying to block their payment.”

    it is a payment - and NML and co. will find a way to disturb it. me too.

    Dec 28th, 2015 - 08:07 am - Link - Report abuse 0
  • Conqueror

    Words of warning. It's an argie bond. Are you owed money? Subscribe to this bond so that you can give the government money and pay yourself back with your own money at the same time. And all under the wonderful argie local legislation. A bond for the truly stupid.

    Dec 28th, 2015 - 12:08 pm - Link - Report abuse 0
  • chronic

    Can't be a member of the 1st world if you aren't a member of the WTO in good standing and if you don't pay your debts.

    Your trade policies are noncompliant.

    You are still trying to beat your creditors.

    Dec 28th, 2015 - 02:09 pm - Link - Report abuse 0
  • Don Alberto

    Anybody who buys into these bonds have asked for it.
    In case of another default the bond owners should not be paid later as holdouts.

    Dec 31st, 2015 - 01:27 am - Link - Report abuse 0
  • HughJuanCoeurs

    Good Lord! Are the Argentinians intent on creating more Vulture Funds when they can't / won't pay back money that they beg, borrow or steal?

    Dec 31st, 2015 - 04:49 pm - Link - Report abuse 0
  • Don Alberto

    Don't worry, HughJuanCoeurs, anybody who lends Argentina money has asked to be disappointed.

    I am sure of Macri's good intentions, but he will at most last 4 years as the president, 'cause in at most two years 60 percent of the Argentines will blame him for the Kirchner's destruction of the economy, and they will feel that he in 24 months should somehow have corrected all the errors made during the last 70 years. A large majority of the Argentine population has a mental age of about 3 years.

    Dec 31st, 2015 - 06:33 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!