Tag: Luis Caputo

• Wednesday, May 16th 2018 - 09:09 UTC

  Argentina seems to have managed Tuesday's challenge, but what comes next?

  

  Argentina’s central bank on Tuesday rolled over billions of dollars in short-term debt, providing President Mauricio Macri’s government with a shot of confidence after weeks of economic volatility. In a statement, the Argentine central bank said it refinanced all of the US$ 26 billion of peso-denominated short term bonds that matured on Tuesday. Investors were attracted by renewal rates of 40% for 36-day Lebac and 38% and 38,5% for 90 days and plus, Lebacs.

• Saturday, May 12th 2018 - 07:50 UTC

  Macri enlists further financial and political support, but Peso continued to slide

  

  Argentina’s central bank sold US$1.1 billion in the foreign exchange market on Friday and the peso weakened 2.74% to an all-time closing low of 23.35 per U.S. dollar despite talks aimed at securing an International Monetary Fund financing deal.

• Friday, January 5th 2018 - 10:20 UTC

  Argentina sells US$ 9bn in bonds, “at the lowest yields in the country's history”

  

  Argentina sold US$ 9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America’s third largest economy sold US$1.75 billion in five-year bonds at a yield of 4.625%, US$ 4.25 billion of 10-year bonds at 6% and US$3 billion in 30-year bonds at 7%, the ministry said. It said the yields were the lowest in Argentina’s history.

• Tuesday, August 1st 2017 - 06:25 UTC

  Hammond arrives in Argentina on trade mission; scheduled to meet Macri

  

  Chancellor of the Exchequer Philip Hammond is scheduled to arrive in Buenos Aires Tuesday evening following a two day business promotion visit to Brazil. It will be the first time a leading UK cabinet minister sets foot in Argentina in sixteen years; the last was when ex Prime Minister Tony Blair met ex president Fernando De la Rua in the Iguazu falls in 2001.

• Friday, January 13th 2017 - 11:04 UTC

  Argentina announces ambitious financial program; road show begins Monday in London

  

  Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.

• Monday, January 2nd 2017 - 05:45 UTC

  Argentina's new economic team aims to fight budget deficit and reform the tax code

  

  In his first public comments since his appointment, Argentine Economy minister Nicolas Dujovne told a press conference that his main objective would be to continue with center-right President Mauricio Macri's economic policies.

• Monday, May 2nd 2016 - 07:54 UTC

  Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

  

  Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.

• Saturday, April 9th 2016 - 16:39 UTC

  Argentina begins next Monday road-show in UK and US to raise US$ 15bn

  

  Argentine representatives will begin meeting investors Monday as the country returns to the international bond market for the first time in 15 years, it was announced by Economy minister Alfonso Prat-Gay from Bahamas, where he is attending the Inter American Bank annual assembly.

• Tuesday, March 1st 2016 - 05:05 UTC

  Special Master announces settlement of 15-year battle between Argentina and 'holdout' hedge funds

  

  Daniel A. Pollack, Special Master appointed to preside over settlement negotiations between the Republic of Argentina and its “Holdout” Bondholders, this morning (29 February) issued the following statement:

• Wednesday, February 3rd 2016 - 07:23 UTC

  Argentina agrees to pay Italian bond holders including “a reasonable interest”

  

  Argentina announced Tuesday that it reached a $900 million preliminary accord to settle its pending debt with 50,000 Italian holders of defaulted Argentine government bonds. Finance minister Alfonso Prat-Gay said that the agreement with Italian bondholders includes the Argentine government's acknowledgement of the debt “and reasonable interest”.