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.Add your comment!
A spokesperson for the International Monetary Fund said on Tuesday that Argentina’s latest debt offer to its creditors is “an important step” in the restructuring process.1 comment
Argentina’s government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.Add your comment!
Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.Add your comment!
One of Argentina's main creditor groups, the Argentina Creditor Committee, confirmed on Friday that it had tabled a new offer to the country's government as part of ongoing debt renegotiations.Add your comment!
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.
Argentina extended a deadline for bondholders to accept a debt restructuring proposal for the fifth time as creditors blamed the government for “walking away” from talks.
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.
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.
Argentine bonds rose strongly on Tuesday on optimism that a restructuring deal being brokered with creditors could be in reach, even as rating agencies slapped the country with downgrades after it defaulted for the ninth time last week.