Tag: Creditors

• Thursday, February 18th 2021 - 09:50 UTC

  Bondholders criticize Argentina erratic economic policies, subordinated to politics

  

  Creditors have criticized the current Argentine government of the country for what it describes as “erratic” economic policies claiming they are impeding growth and weighing on bond prices five months after the government restructured some US$ 65 billion in foreign bonds.

• Thursday, August 20th 2020 - 10:55 UTC

  Investor's concern with the shaky Argentine economy, despite the deal with bond holders

  

  Argentine bonds extended a recent dip after the government formalized its US$ 65 billion debt restructuring offer, underscoring investor concern about the country’s shaky economy despite creditors’ rallying behind a deal.

• Tuesday, July 21st 2020 - 08:55 UTC

  Argentine president tells creditors: “It is impossible for us to move from the last offer”

  

  Argentine president Alberto Fernandez on Monday dismissed a counter-offer from three groups of creditors who said they had rejected the country's proposal to restructure US$ 66 billion of debt.

• Saturday, July 18th 2020 - 09:14 UTC

  Argentina's bill to restructure public debt in dollars issued under local law

  

  Argentina’s government sent a bill to Congress late on Thursday night laying out its plans to restructure public debt in dollars issued under local law, offering creditors new instruments in both foreign currency and pesos.

• 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.

• Friday, May 22nd 2020 - 08:37 UTC

  IMF optimistic Argentina and creditors can reach an agreement

  

  The International Monetary Fund expressed optimism that Argentina can reach an agreement with private creditors “to establish a sustainable path in the future” when the government of President Alberto Fernandez formally extended the deadline term to reach an understanding on the US$ 67 billion debt.