Tag: Argentine debt

• 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.

• 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.

• 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.

• 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.

• Saturday, May 23rd 2020 - 09:57 UTC

  Argentina in “technical default” while negotiations with sovereign bondholders continue

  

  Argentina “technically” defaulted on Friday for the second time this century after failing to pay US$505 million of interest on its bond debt, but it continues to negotiate a restructuring with creditors. “We're not paying but the negotiations are continuing,” a government official said.

• Friday, May 22nd 2020 - 08:58 UTC

  Argentine negotiations with creditors deadline extended to June 2

  

  The Argentine Ministry of Economy extended until June 2 the term to renegotiate the US$ 67 billion of debt securities issued under foreign law, with the aim of continuing negotiations with creditors.