Tag: debt-swap

• Wednesday, January 29th 2014 - 21:36 UTC

  Hedge fund boss Singer rejects as 'bizarre' Argentine bondholders offer

  

  Paul Singer, head of Elliot Management Corp., defined as “bizarre”, the bondholders’ offer to resolve judicially the dispute with Argentina over the debt in default from 2001, during in a letter sent to investors and published by Bloomberg News.

• Wednesday, August 28th 2013 - 00:43 UTC

  Wide political support in Argentina for Cristina Fernandez new debt swap proposal

  

  The opening of a new sovereign debt swap announced by Argentine President Cristina Fernández on national television on Monday has received strong support from allies, pledges of neutrality from the main opposition party but also criticisms.

• Tuesday, August 27th 2013 - 01:13 UTC

  Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

  

  Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.

• Monday, September 27th 2010 - 15:31 UTC

  Argentina retains a “competitive peso” in spite of global inflows of US dollars

  

  Contrary to what is happening in the rest of emerging markets Argentine government efforts to weaken the peso are working. In the past three months the peso has declined 0.8% against the dollar, while for Mercosur associates Brazil and Uruguay their currencies have strengthened in the range of 3 to 5%.

• Tuesday, July 13th 2010 - 00:47 UTC

  For the first time since 2002 Fitch raises Argentina’s credit ratings out of default

  

  Fitch Ratings on Monday raised Argentina's credit ratings out of default, following the completion of a debt swap last month, but said the deal is not enough to open new financing sources for the country.

• Monday, June 28th 2010 - 22:08 UTC

  US ratings agency down-plays success of Argentina’s debt-swap deal

  

  US ratings agency Moody's said that Argentina's debt-swap is unlikely to improve the liquidity profile for corporate issuers even when the highest-rated companies will be able to tap international debt markets and lengthen their debt maturity profiles.

• Wednesday, June 23rd 2010 - 03:55 UTC

  Argentina’s debt-swap acceptance expected to reach 70%

  

  The latest available information on the Argentine debt-swap reported a higher acceptance rate than was anticipated by market analysts reaching 68.3%, which is above the self imposed 60% floor by Argentine authorities. The news was released by Buenos Aires financial daily Ambito Financiero.