Tag: bondholders

Wednesday, May 6th 2020 - 09:55 UTC
Argentina and bondholders agree “much can change in the course of a week”

The government of Argentina and its biggest bondholders are clashing over plans to restructure US$ 65 billion in foreign debt, with little sign of either side budging in last-ditch talks to strike a deal.
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.
Friday, February 14th 2020 - 08:28 UTC
Argentina anticipates rough times for bondholders in any of three possible economic scenarios

Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis. Martin Guzman warned that holders of Argentine debt will probably be disappointed by the restructuring, without providing specifics on how steep losses could be.
Wednesday, April 27th 2016 - 10:44 UTC
Paul Singer praises Macri but warns about negative impact from Collective Action Clauses

Financier Paul Singer again took to the US media to celebrate Argentine President Mauricio Macri’s decision to settle with the so-called “speculative” creditors, including Singer’s own Elliott Management, with an article in the Wall Street Journal heaping praise on his business-friendly approach and willingness to negotiate with the holdouts.
Saturday, February 14th 2015 - 06:52 UTC
London court rules English law applies to Euro-denominated Argentine debt

A London court ruled on Friday that English law applies to a disputed case involving interest payments on Euro-denominated Argentine debt, making a payout more likely in spite of conflicting orders from a US court.
Friday, July 11th 2014 - 06:19 UTC
JP Morgan requests 'clarification' from Judge Griesa to pay Japanese bondholders

JP Morgan bank, the entity responsible for the payment to Argentina's Japanese bondholders has sent a letter to US Federal Judge Thomas Griesa, requesting “a clarification” in order to deliver the funds to the nation's creditors.
Friday, June 27th 2014 - 07:53 UTC
Argentina announced Thursday it had deposited restructured bonds' payments

Argentina announced on Thursday morning it had deposited a billion dollars to honor restructured bonds' 30 June payment and at the same again asked for a new stay from New York Judge Thomas Griesa on the 'pari passu' ruling that forces the country to also pay holdouts 100% of defaulted bonds face value.
Saturday, June 21st 2014 - 09:45 UTC
Strong warning to Argentina from Griesa regarding payment of bondholders

US Federal Judge Thomas Griesa, ratified on Friday through an official letter that Argentina’s proposal to carry out a debt exchange and pay its bondholders in Buenos Aires represents a “violation of the rulings and procedures.”
Wednesday, June 18th 2014 - 08:09 UTC
S&P and Argentina in six months: “default or distressed debt exchange”

Standard & Poor's cut its rating of Argentina's long-term foreign currency debt rating to CCC- from CCC+ with a “negative” outlook. A CCC rating is defined as “currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments,” according to S&P.
Friday, February 21st 2014 - 07:06 UTC
Argentine restructured bondholders appeal to the US Supreme Court

A group of bondholders that entered the restructuring of Argentine debt in 2005 and 2010 have presented their own appeal before the United States Supreme Court, in the case involving the so-called holdout hedge funds. The petition, made public on Thursday, mirrors a similar appeal carried out on Tuesday by the Argentine government.