Tag: Martin Guzman

• Wednesday, August 5th 2020 - 08:56 UTC

  Argentina reaches an agreement with majority of creditors and looks to convince the undecided

  

  Argentina has reached an agreement with creditors to restructure around US$ 65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.

• Tuesday, August 4th 2020 - 10:40 UTC

  Argentine media and markets agree an agreement has been reached with bondholders

  

  Argentina and most of its top creditors are moving closer to an agreement to restructure US$ 65 billion of bonds, according to government sources in the Buenos Aires media. Likewise, the prospects of an agreement triggered a bonds rally, and the Merval stock index gained 6,6% the most in a month.

• Wednesday, July 29th 2020 - 09:58 UTC

  Minister confirms Argentina will seek a new support program from IMF

  

  Argentina will seek a new program with the International Monetary Fund whatever the outcome of talks with holders of its US$ 65 billion of defaulted overseas bonds, Economy minister Martin Guzman said.

• Wednesday, July 22nd 2020 - 08:10 UTC

  Argentine debt negotiations: Cristina Fernandez praises Minister Guzmán's performance

  

  Argentine vice-president Cristina Fernandez de Kirchner praised Minister of Economy Martin Guzmán statements during a television program in Buenos Aires and described he was “clear as crystal water”, in his replies

• Friday, July 10th 2020 - 08:59 UTC

  Two creditor groups not convinced with Argentina's latest offer, but admit it is in the right direction

  

  Argentina’s US$65 billion debt restructuring talks teetered on the edge after two key creditor groups knocked back the country’s latest “final” offer, while the government signaled that there was no room left to improve the terms.

• Friday, June 26th 2020 - 10:20 UTC

  Argentina admits “biggest differences” in debt negotiations remain with two main creditor groups

  

  Argentina is still working with its creditors to reach a debt restructuring deal after talks stalled, though there is still a distance to cover in economic and legal terms, Economy Minister Martin Guzman said on Thursday.

• Wednesday, June 17th 2020 - 08:22 UTC

  Argentina extends confidentiality agreements with creditors for one day

  

  Argentina has extended confidentiality agreements with creditors by one day to allow further negotiations as the two sides seek a last-ditch agreement to restructure around US$ 65 billion in debt.

• Sunday, June 14th 2020 - 13:51 UTC

  Argentine and bond holders negotiations extended to at least 19 June

  

  Argentine bonds rose on Friday as the government said that negotiations with creditors to restructure around US$ 65 billion in sovereign debt would continue into next week and that a deadline for reaching a deal would be pushed back to at least June 19.

• Tuesday, June 2nd 2020 - 08:50 UTC

  Argentina extends debt negotiations deadline to 12 June: “adjustment margin remains thin”

  

  Argentina extended the deadline to negotiate with its creditors to June 12 and may sweeten its most recent restructuring offer, the country said on Monday, after a previous proposal was deemed insufficient by some investors.

• Saturday, May 30th 2020 - 08:51 UTC

  Argentina admits “more favorable” proposals from creditor groups

  

  Argentina received a debt restructuring proposal from two creditor groups a step in the right direction, Economy Minister said on Friday. Nevertheless, it still fell short of what the country needed to strike a deal.