Tag: Argentine debt

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.
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Wednesday, July 8th 2020 - 08:38 UTC
IMF praises Argentina's latest debt offer to creditors

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.
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Monday, July 6th 2020 - 09:35 UTC
Argentina unveils its “final effort”, with sweeteners, to bondholders and an August 4 deadline

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.
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Saturday, July 4th 2020 - 08:25 UTC
Argentine economy expected to contract 12% this year, according to central bank poll

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.
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Saturday, July 4th 2020 - 08:02 UTC
Creditor group tables new offer to Argentina's debt negotiations

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.
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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.
Saturday, June 20th 2020 - 10:19 UTC
Argentina extends deadline for bondholders to accept debt deal to July 24

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.
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.
Wednesday, May 27th 2020 - 08:20 UTC
Good and bad signals for Argentina: bonds rise strongly, but two rating agencies slap “default”

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.