Tag: Creditors

• Thursday, May 21st 2020 - 08:55 UTC

  Argentina and creditors find a path to reach an understanding and avoid default

  

  Argentina’s Economy Minister Martin Guzman has hinted that make-or-break talks with international creditors are likely to continue beyond the looming May 22 deadline. It has tentatively elevated hopes that the crisis-prone country will be able to avoid its ninth sovereign debt default.

• Wednesday, May 20th 2020 - 08:55 UTC

  Argentine government negotiating creditors' counteroffers ahead of Friday deadline

  

  Argentina’s government and its creditors are edging toward a deal to revamp US$ 65 billion in foreign debt but still have a distance to close between an initial offer from the government and counteroffers from bondholders ahead of a Friday deadline.

• Monday, May 4th 2020 - 08:07 UTC

  Argentina cannot afford to pay creditors more

  

  By Martin Guzman (*) – The following piece was published in the Sunday editions of the Financial Times, ahead of a critical countdown in May for Argentina's debts and its creditors:

• Monday, January 13th 2020 - 09:30 UTC

  Argentine president puts a deadline to renegotiates public debt: March 31

  

  President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.

• Friday, January 10th 2020 - 09:57 UTC

  Buenos Aires province US$ 227 million debt payment on Jan 26, a major test for creditors

  

  Argentina's debt talks will face their first big test this month with a US$ 277-million payment due on a Buenos Aires provincial bond, seen as a gauge of how the indebted nation's new government will handle its creditors.

• Saturday, December 21st 2019 - 11:07 UTC

  Argentina appoints team for talks with creditors to renegotiate massive sovereign debt

  

  Argentina appointed a government team to kick off talks with creditors to renegotiate about US$100 billion in sovereign debt as the new center-left administration of President Alberto Fernandez postponed payments on some of its short-term debt.

• Tuesday, December 18th 2018 - 09:35 UTC

  Creditors demanding payment of US$ 1.5 billion Venezuelan bond in default

  

  A group of creditors has demanded payment on a US$ 1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation. President Nicolas Maduro’s government and state-owned companies owe nearly US$ 8 billion in unpaid interest and principal following this year’s default on bonds amid a hyperinflationary collapse of the country’s once-wealthy socialist economy.