Tag: bonds
bondsUK Supreme Court rules against Argentina in defaulted sovereign bonds case
A hedge fund owner of defaulted Argentine debt can try to seize government assets held in Britain as it seeks to recover the full face value of the bonds, Britain's Supreme Court said in a ruling on Wednesday.
Setback for Argentina in New York court defaulted sovereign bonds case
Argentina suffered a setback over its US$100 billion debt default in 2002 when New York's highest court said the country should keep paying interest on some bonds even after they mature or investors demand their principal back early.
Argentina still haunted by the holdouts from the 2001 default
Argentina’s attempts to return to global credit markets nine years after its 2001/02 default received this week mixed results. New York Federal Judge Thomas Griesa has issued a ruling urging Argentina to pay 54.33 million Euros (US$75.1 million) to the Capital Ventures International Fund.
Risk agencies caution about economic policy changes expectations in Argentina
Concern that Argentina’s government is reporting unreliable economic data is keeping Moody’s Investors Service from boosting the nation’s credit rating, said Patrick Esteruelas, an analyst with the company.
Argentina’s most populous province ready to return to international bond market
Argentina’s most populous province is preparing a return to international bond markets to benefit from the lowest borrowing costs in two years. Buenos Aires province hired Bank of America and Deutsche Bank AG to arrange investor meetings in Europe and the US as it plans to sell 500 million US dollars in debt.
Argentina puts off plans to float its first international bond since 2001
Argentina is drawing on central bank profits to meet financing needs, putting off plans to sell its first international bond since 2001 as yields tumble. The central bank’s board on July 29 approved a transfer of 3 billion pesos (762 million USD) from the bank’s 23.5 billion pesos in 2009 profits to the government, following a 1.5 billion peso transfer in February, spokesman Fernando Meanos said.
US District Judge rules in favor of Argentina against ‘vulture funds’
Argentina won a court decision that keeps so-called vulture funds with demands against the country from gaining possession of bonds held in a Buenos Aires government trust account.
Argentina’s debt-swap acceptance expected to reach 70%
The latest available information on the Argentine debt-swap reported a higher acceptance rate than was anticipated by market analysts reaching 68.3%, which is above the self imposed 60% floor by Argentine authorities. The news was released by Buenos Aires financial daily Ambito Financiero.
Italian Defaulted Bond Holders Seem Prepared to Accept Argentine Debt-Swap Plan
In an extensive report, the Task Force Argentina (TFA)—which represents Italians holding some 4.5 billion US dollars in defaulted Argentine sovereign bonds—gave an ambiguous declaration over Argentina's debt-swap plan.
World Markets Lower After Taking a Second Look at Euro Rescue Plan
United States shares closed lower on Tuesday as global stock markets stalled on niggling worries over European debt problems. On Wall Street, the Dow Jones index closed down 0.34% following a turbulent day's trading, and a nearly 4% rise on Monday.
