Tag: Paris Club

Tuesday, July 29th 2014 - 05:27 UTC
Griesa eases bond payments agenda; Argentina complies with the Paris Club

New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under Argentine law, which form part of the titles restructured following the default of 2001.
Tuesday, July 1st 2014 - 23:57 UTC
Argentina's Paris Club and Repsol debt deals possible accord path, hint holdout funds

One of the holdout hedge funds involved in the lawsuit against the Argentine government over pending debt from the 2001 bonds default, pointed out on Tuesday that the agreements struck by Argentina with Spanish oil and conglomerate Repsol and the Paris Club are good examples for the basis of an eventual understanding.
Friday, June 27th 2014 - 07:30 UTC
Argentina praises international support and confirms payment to Paris Club

Cabinet Chief Jorge Capitanich praised the “clear, categorical and broad” support for Argentina’s stance in its dispute with speculative funds' holdouts from 133 countries from the UN system and specialized international media, and also confirmed that next month it will make the first payment of the agreement reached with the Paris Club.
Monday, June 9th 2014 - 06:10 UTC
US Embassy praises Argentina: says 'investment climate has started to change'

The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.
Monday, June 2nd 2014 - 07:33 UTC
Argentina confident US Supreme Court will take its litigation case with hedge funds

President Cristina Fernandez administration has high hopes that the US Supreme Court will take its long running litigation case with holdout hedge funds that refused to accept sovereign debt rescheduling after Argentine defaulted in 2001.
Saturday, May 31st 2014 - 07:55 UTC
The 'morality' of the Argentina/Paris Club deal is that it's 'a shared effort'

Argentina's Economy minister Axel Kicillof gave details on Friday of the payment agreement reached with the Paris Club involving 9.7bn dollars of 2001 defaulted debt, which will open the doors to export credit agencies from the group's members and equally important signals a new attitude from the Cristina Fernandez administration.
Saturday, May 31st 2014 - 06:50 UTC
Argentina tells Judge Griesa it has no plans to evade paying holdouts

Argentina's lawyers tried on Friday to assure a US federal judge that it would not evade orders to pay 1.33 billion dollars to bondholders who refused to accept its debt-restructuring offers, if the US Supreme Court (on 12 June) declines the case.
Saturday, May 31st 2014 - 06:42 UTC
IMF and Argentina/Paris Club deal: “we hope they continue that process”

IMF managing director Christine Lagarde touring east Africa, on Friday cautiously welcomed steps taken by Argentina to settle a decade-old falling out with creditors, following a 9.7bn dollars five year repayment deal reached this week.
Saturday, May 31st 2014 - 06:25 UTC
Hedge funds' lobby praise Argentina/Paris Club deal; calls for talks with private creditors

Following Argentina's agreement to resolve its 9.7bn debt to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.
Friday, May 30th 2014 - 05:28 UTC
Argentina can resume business with country export credit agencies, following Paris Club deal

Argentine president Cristina Fernandez praised on Thursday the agreement reached with Paris Club creditors and said that the government will now turn to international credit markets to finance “infrastructure, development, and technology.”