Tag: Luis Caputo

• Wednesday, February 3rd 2016 - 07:23 UTC

  Argentina agrees to pay Italian bond holders including “a reasonable interest”

  

  Argentina announced Tuesday that it reached a $900 million preliminary accord to settle its pending debt with 50,000 Italian holders of defaulted Argentine government bonds. Finance minister Alfonso Prat-Gay said that the agreement with Italian bondholders includes the Argentine government's acknowledgement of the debt “and reasonable interest”.

• Saturday, January 30th 2016 - 12:21 UTC

  Argentina seals US$ 5 billion deal with international banks at Libor plus 6.5 points

  

  Argentina's central bank said on Friday it had sealed a deal for a US$5 billion, one-year loan from international private banks, bolstering its low foreign reserves as the country heads into talks with creditors suing over unpaid debt. Argentina has been shut out of global credit markets because of its long-running legal dispute in U.S. courts with creditors over debt it defaulted on in 2002.

• Thursday, January 21st 2016 - 07:24 UTC

  Holdouts request postponement of Argentina's proposal to solve dispute

  

  Representatives from holdout investment funds have requested the Argentine government to postpone until the first week of February, next week's scheduled proposal to overcome the country's debt situation which remains technically in default.

• Monday, January 18th 2016 - 05:52 UTC

  All negotiations with holdout funds will be made public, announced Argentina

  

  Argentina announced that all the details of the negotiation with the speculative funds, taking place in New York, will be made public in order to guarantee the transparency of the process. The news from the Finance Ministry dismissed reports that the holdouts were demanding the Argentine government sign a confidentiality agreement before talks can begin.

• Thursday, January 14th 2016 - 06:54 UTC

  Argentina needs to reach an agreement with holdouts, insists Prat-Gay

  

  Argentina's new finance minister said on Wednesday it was imperative to resolve the country's legal dispute with U.S. creditors over unpaid debt because financing of the country's fiscal deficit this year may depend on progress on the issue.

• Monday, January 11th 2016 - 12:51 UTC

  Argentina's financial agenda: talks with holdout funds and farmers' dollars

  

  A challenging financial week takes off for Argentina's new administration of president Mauricio Macri: on the one hand Argentine farmers have to keep their part of the deal by providing the central bank with 400 million dollars a week, and on the other the long-awaited debt talks are expected to resume in New York next Wednesday with United States hedge funds suing Argentina over defaulted sovereign bonds.

• Friday, December 11th 2015 - 11:54 UTC

  International banks commit 8bn dollars to the new Argentine administration

  

  The incoming government of Argentine president Mauricio Macri is about to receive its first financial boost from overseas, which according La Nacion sources could be in the range of 8 billion dollars.

• Thursday, December 10th 2015 - 08:18 UTC

  Pollack confirms Macri´s administration intention of negotiating with hedge funds

  

  The court-appointed mediator in a long-running debt dispute pitting Argentina against holdout hedge funds said Wednesday that President-elect Mauricio Macri's incoming administration intended to negotiate a settlement.