MercoPress. South Atlantic News Agency
Argentina offers advance payment of 2015 maturing bonds to head off speculation
Argentina's government offered this week to make full early payment on a local dollar-denominated bond to head off speculation that its legal battle with U.S. hedge funds will make it unable to service its debt. Read full article
Comments
Disclaimer & comment rules'local dollar-denominated bond '
Dec 06th, 2014 - 02:41 am - Link - Report abuse 0Known else where as the Unicorn Bond.
What about the internationally, US Court based bonds?
Oh, stop wriggling, it is so unseemly.
Axel disgusts me.
ILSEN,
Dec 06th, 2014 - 03:33 am - Link - Report abuse 0Those who decide to hold their Unicorn magic bonds to maturity will personally receive their guaranteed interest payments directly from the Reserve National Bank of Venezuela branch office in Buenos Aires on each alternative leap year paid in Nuevo Bolívares.
@2 Chicureo
Dec 06th, 2014 - 04:07 am - Link - Report abuse 0ah, you are joking my friend, I know.
However, last night I was getting 140 BSF on the USD, haha!
The BSFuerte is history. We call it the Bolivar flácido....
Argentina?
“The government plans to issue an additional 3 billion dollars worth of those latter bonds, known as Bonar 2024.”
Haha!
Bonar? Boner-Arse? methinks...
At what rates can they sell them?
silly buggers....
“They're trying to cast doubt on whether Argentina can service its debt next year ... We're going to halt all speculation and provide certainty to investors,” Kicillof said.
Dec 06th, 2014 - 09:55 am - Link - Report abuse 0I have got news for this argie nincompoop: we already have doubts about the whole facade of the “economic situation” in TDC.
Only the braindead are going to fall for this nonsense.
Crawl back under your stone axel before the heat of the investors dries you to a crisp.
They sit on CK`s edge of the bed and think: “What nonsense can we tell the people today?”
Dec 06th, 2014 - 10:56 am - Link - Report abuse 05 Willi
Dec 06th, 2014 - 11:23 am - Link - Report abuse 0What were they up to on the edge of her bed when they penned the name Boner?
Clever these Argies, It's called “ kicking the can down the road ” to let the next Government or the next deal with it. Apparently you can cash them now for 97% of the value or wait till 2015 for maturity or swop them for 2024 bonds. Christ who in their right minds think that Argentina will be able to service their debts in 2024 they can't do it now . fucking numpties.
Dec 06th, 2014 - 01:14 pm - Link - Report abuse 0Well, well, well. A new low for argieland. Trading on poverty. You get 3 days to accept 97% of what you are owed. It's another con. Who values the bonds? Argies. 7% of what? This is an offer NOW. Shouldn't the argie government be offering 7% interest until now and then 97% of the value over the next 11 months? Complicated calculation, so there'll need to be a top up. Speculation is good for you. The clue is in the availability. It's a con.
Dec 06th, 2014 - 02:38 pm - Link - Report abuse 0I had to share this picture of “Little Bigman”. I hope this link works.
Dec 06th, 2014 - 04:14 pm - Link - Report abuse 0http://s1275.photobucket.com/user/sailor1959/media/LittleBigMan_zps330faa99.png.html
I don't know, those Unicorn Bonds look really attractive.
Dec 06th, 2014 - 06:48 pm - Link - Report abuse 0@10
Dec 06th, 2014 - 10:30 pm - Link - Report abuse 0How many times has Argentina reneged on treaties and defaulted on bonds?
Elvis:
Dec 07th, 2014 - 01:25 am - Link - Report abuse 0Technical default is like technical pregnancy. lol. Similarly, selective default is like technical default - it's just plain default by another name. You can't cure your account deficiencies by servicing one bond and repudiating another. If anything - you confirm to the markets, rating agencies and world court of public opinion that rotting roadkill is a petty grifter who never had any intention of bargaining in good faith with its creditors.
That picture of Kicillof is hilarious!
Dec 07th, 2014 - 10:01 am - Link - Report abuse 0He looks like Harvey Lembeck's character, Erick Von Zipper, giving himself “the Finger”!
http://youtu.be/61_aprVh2FQ
Picture sort of reminds of the scene in Blazing Saddles where the new sheriff pretends to be holding himself hostage!!!!
Dec 07th, 2014 - 01:38 pm - Link - Report abuse 0Von Zipper.....love it. He was a goofy ass funny character! Great analogy with that finger. Maybe Kissitoff WILL break.
Dec 07th, 2014 - 01:52 pm - Link - Report abuse 014 darragh
Dec 07th, 2014 - 04:48 pm - Link - Report abuse 0Lol, Blazing Saddles, “ .... lift the Court Order, or I'll shoot the Party Boy...”
@ 16, 15 & 14
Dec 07th, 2014 - 06:51 pm - Link - Report abuse 0“Why don't you loosen your bullets”
https://www.youtube.com/watch?v=s9JqbCH4aVw
Looks like nobody wanted to take them up on the offer. I think only Anses and some Insurance companies they pressured.
Dec 13th, 2014 - 12:34 am - Link - Report abuse 0So full payment due in 2015. U$3B they don't have.
I've said for a long time 2015 will be fun to watch.
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