Tag: Argentine bonds

• Tuesday, May 15th 2018 - 06:54 UTC

  Argentina's “L” Day challenge: US$ 25bn in Peso bonds mature on Tuesday

  

  The Argentine Peso plummeted to a new low on Monday despite government attempts to curb losses in recent weeks by hiking interest rates and shedding billions in foreign reserves. The Peso fell sharply on opening Monday and closed down 6.2%, trading at 25.52 against the dollar, having lost close to 33% so far this year.

• Monday, October 24th 2016 - 17:43 UTC

  Billions pour in to buy Argentine bonds, “sign of growing investor confidence”

  

  Argentina’s international currency reserves rose above the landmark US$40 billion for the first time in three and a half years last Friday, as a huge inflow of dollars from government-issued debt and some exports over the last few days caused some dramatic increases this week. The milestone, according to Central Bank chief Federico Sturzenegger, was “a sign of growing investor confidence in the country.”

• Tuesday, May 31st 2016 - 07:30 UTC

  Macri pledges to repatriate overseas savings in Bahamas and buy Argentine bonds

  

  President Mauricio Macri said Monday that he will repatriate $1.3 million in savings from the Bahamas and use the money to buy Argentine treasury bonds because he is confident the struggling economy will recover and thrive.

• Wednesday, April 1st 2015 - 07:25 UTC

  Clearstream stops settlement on all Argentine bonds; asks clarification from government

  

  Following the CNV securities regulator’s decision to suspend Citibank Argentina from its custody business in the country, Clearstream said in a press release it stopped settlement on all Argentine bonds, and will re-open for non-exchange bonds if it gets clarification.

• Thursday, March 19th 2015 - 08:01 UTC

  Argentina asks Citigroup how it will react to Judge Griesa' decision

  

  Argentine Economy Minister Axel Kicillof has revealed the government sent a letter to Citigroup asking how the bank will react, after New York district judge Thomas Griesa decided not to kill an injunction that blocked Citi from processing interest payments on 2.3 billion dollars of Argentina bonds, under Argentine law.

• Tuesday, March 17th 2015 - 07:23 UTC

  Griesa rejects Citigroup petition to allow payment of bonds issued under Argentine law

  

  New York district judge Thomas Griesa has declined a request from the Citigroup bank to allow the entity to process the payment of Argentine bonds under local law while an appeal against the magistrate's negative ruling is being prepared.

• Monday, March 2nd 2015 - 05:22 UTC

  Argentine bond prices going up “as the less time you have left in office”

  

  Joseph Cotterill, the Financial Times journalist who was quoted by Argentine President Cristina Fernández during her Congress address as proof the country has recovered financially, responded critically to the Head of State.

• Wednesday, February 25th 2015 - 04:38 UTC

  German court rules against Argentina on bonds' interest payments

  

  Argentina lost a ruling at Germany’s top civil court over interest payments on bonds it sold to investors in the European country that don’t have terms that allow for restructuring by a majority vote of creditors, according to a report from Bloomberg at Karlsruhe.

• Thursday, February 12th 2015 - 06:02 UTC

  Holdouts open new front in dispute with Argentina: officials dramatic increase in their personal wealth

  

  US holders of defaulted Argentine bonds have stepped up their campaign for full repayment of their loans by detailing how 14 senior Argentine officials experienced “dramatic and often unexplained increases” in their personal wealth during service in the Kirchner administrations.

• Saturday, November 1st 2014 - 04:28 UTC

  Fitch ratings lowers Argentina Par bonds under foreign law to “D”

  

  Fitch ratings on the last day of October downgraded Argentina's Par bonds issued under Foreign Law to 'D' from 'C', after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.