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

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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
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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
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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
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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
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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
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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
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