Tag: Luis Caputo

• Friday, January 13th 2017 - 11:04 UTC

  Argentina announces ambitious financial program; road show begins Monday in London

  

  Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.

• Monday, January 2nd 2017 - 05:45 UTC

  Argentina's new economic team aims to fight budget deficit and reform the tax code

  

  In his first public comments since his appointment, Argentine Economy minister Nicolas Dujovne told a press conference that his main objective would be to continue with center-right President Mauricio Macri's economic policies.

• Monday, May 2nd 2016 - 07:54 UTC

  Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

  

  Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.

• Saturday, April 9th 2016 - 16:39 UTC

  Argentina begins next Monday road-show in UK and US to raise US$ 15bn

  

  Argentine representatives will begin meeting investors Monday as the country returns to the international bond market for the first time in 15 years, it was announced by Economy minister Alfonso Prat-Gay from Bahamas, where he is attending the Inter American Bank annual assembly.

• Tuesday, March 1st 2016 - 05:05 UTC

  Special Master announces settlement of 15-year battle between Argentina and 'holdout' hedge funds

  

  Daniel A. Pollack, Special Master appointed to preside over settlement negotiations between the Republic of Argentina and its “Holdout” Bondholders, this morning (29 February) issued the following statement:

• 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.