Tag: Argentine debt

• Monday, May 4th 2020 - 07:57 UTC

  Argentina willing to continue talks with bondholders; ensuring sustainability of the debt is the target

  

  Argentina is willing to keep working toward a deal to restructure its debt if an offer that expires on Friday is rejected, the economy minister said. Economy Minister Martin Guzman told Argentine daily Clarin in an interview published on Sunday that he is seeing a “growing understanding” with bondholders ahead of a May 8 deadline for the offer that creditor groups already criticized.

• Wednesday, April 29th 2020 - 07:56 UTC

  Argentina's debt restructure haircut proposal “is not enough” and will have to be revisited, says ex IMF economist

  

  Argentina’s latest effort to restructure its overseas debt probably won’t be its last, according to ex IMF advisor and Harvard University economist Carmen Reinhart, who has sounded alarms overcoming emerging markets crises in Venezuela and Turkey.

• Friday, April 24th 2020 - 08:55 UTC

  IMF holding productive talks with Argentina; expects an accord with private creditors can be reached

  

  The International Monetary Fund’s discussions with Argentina have been very productive and the fund is willing to do whatever it can to help get the Argentine economy back on a solid footing, an IMF official told reporters.

• Thursday, April 23rd 2020 - 11:17 UTC

  Argentina misses US$ 500 million payment on Wednesday; default by end of May?

  

  Argentina said it didn’t make US$ 500 million in debt payments due Wednesday, starting a 30-day countdown to a possible default unless the government and bondholders can reach a deal on restructuring its massive foreign debt.

• Tuesday, April 21st 2020 - 10:15 UTC

  Major asset managers reject Argentina's proposal to overhaul US$ 66bn foreign debt

  

  A group of major asset managers who are creditors to Argentina have rejected the government’s proposal aimed at overhauling US$66.2 billion of its foreign-law debt, saying it inflicted an unjust amount of financial pain on international bondholders.

• Friday, April 17th 2020 - 09:59 UTC

  Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

  

  Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.

• Wednesday, April 15th 2020 - 13:51 UTC

  Argentina is readying to announce terms of the US$ 83bn debt restructure

  

  Argentina is expected to announce an offer to restructure US$ 83 billion in foreign-currency bonds any moment as it tries to avoid default, despite shutting down the economy to contain the spread of the coronavirus.

• Monday, April 6th 2020 - 08:50 UTC

  Argentina postpones payments of bonds issued under local law, some US$ 10bn

  

  Argentina is postponing payments on up to US$ 10 billion debt (interests and capital) that was issued under local law until the end of the year, the government said in a decree late on Sunday, in a bid to relieve pressure over looming foreign currency payments.

• Friday, April 3rd 2020 - 07:59 UTC

  Argentina continues talks but moves forward plans for debt restructuring

  

  Argentina will continue talks this week and next with creditors over restructuring its US$ 83 billion in foreign debt, Economy Minister Martin Guzman said after the country missed the March 31 deadline it had set previously.

• Tuesday, March 24th 2020 - 10:03 UTC

  With the pandemic, Argentina has “a thousand more reasons” to delay debt payments

  

  Argentina does not plan to resume debt payments to the International Monetary Fund (IMF) for five years, buying time to pull the economy out of a worsening recession after the coronavirus outbreak led the government to impose a stay-at-home order until the end of March which also put the brakes- on activity