News of ad hoc creditors

Paris Club requires Argentina stick to IMF deal to rework debt

07-07-2022 14:20 Paris Club group of wealthy creditors says government must give assurances that it will comply with IMF deal if talks over restructuring of debt are to continue.

DEBT RESTRUCTURING

Argentina formalises debt repayment deferment with Paris Club

31-05-2022 13:07 President Alberto Fernández's government reaches a deal with the Paris Club to postpone payments on more than US$2 billion of debt for more than two years.

PARIS CLUB DEBT

Postponement of Paris Club debt payment gives breathing room

23-03-2022 15:39 Argentina's government has secured an extension of an agreement with the Paris Club group of rich nations that allows it to postpone an imminent payment of about US$2 billion.

DEBT RESTRUCTURING

Argentina extends Paris Club talks over US$2 billion to June 30

23-03-2022 14:02 Argentina reaches an agreement Tuesday with a group of wealthy nations known as the Paris Club to finalise by June 30 a repayment programme on US$2 billion of debt.

IMF DEBT TALKS

IMF debt deal: The roots of Argentina's economic crisis

28-01-2022 22:05 Argentina, which has been battling a deep economic crisis since 2018, has unveiled a new debt repayment deal with the International Monetary Fund.

G20 & COP26 SUMMITS

Argentina offers its creditors climate action instead of money

05-11-2021 01:48 Argentina is pushing for a new way to service debt: instead of paying creditors with cash, it wants them to recognise the country’s efforts to tackle climate change.

DEBT TALKS

Paris Club says Argentina has committed to IMF deal by next March

23-06-2021 18:50 The government has committed to reaching an agreement with the International Monetary Fund no later than the end of March as part of an understanding with the Paris Club to avoid default.

DEBT TALKS

Guzmán confirms Argentina has reached deal with Paris Club

22-06-2021 18:04 Economy Minister Martín Guzmán confirms Argentina had reached an agreement with the Paris Club of creditor countries to avoid defaulting on a loan repayment in July.

DEBT TALKS

Argentina plans partial payment to Paris Club, averting default

22-06-2021 16:26 Government will make a partial payment to Paris Club group of creditors to avert default.

DEBT TALKS

Argentina to use Paris Club grace period to further debt talks

31-05-2021 11:04 Government to hold off on US$2.4-billion debt payment with Paris Club due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert default.

DEBT TALKS

Paris Club to spare Argentina from US$2.4-billion debt default

14-05-2021 13:58 Group of major creditor nations willing to delay US$2.4-billion debt payment from Argentina due this month if the Fernández administration agrees to certain conditions.

Bloomberg

Argentina seeks Paris Club deal amid IMF talks, Guzmán says

18-04-2021 22:18 Argentina is pressing the Paris Club to renegotiate debt as separate talks to strike a deal with the International Monetary Fund drag on, says Economy Minister Martín Guzmán.

BLOOMBERG

Debt restructuring talks for Buenos Aires Province stall

22-03-2021 16:23 After nearly a year of extending the deadline of its debt restructuring proposal, fresh documents published by Argentina’s largest province show talks remain stuck.

AS I SEE IT

A most unlikely reformer

20-02-2021 07:31 Carlos Menem may have been the king of kitsch, but he was also something else.

by James Neilson

STATE ENERGY FIRM

YPF avoids March default with 60% support for key bond swap

12-02-2021 01:11 YPF SA swaps almost 60% of a key bond due in March, saving the company millions of dollars in debt payments and avoiding a costly default next month.

BLOOMBERG

YPF wins support of key creditor group for 2021 bond swap

08-02-2021 15:07 State energy firm YPF SA has won support of a key creditor for its debt restructuring bond-swap deal after improving its offer.

STATE ENERGY FIRM

YPF creditors reject last debt offer as deadline looms

05-02-2021 00:49 Largest group of creditors reject latest debt restructuring offer, just days before the expiration of its US$6.2-billion bond proposal.

2020: THE YEAR IN REVIEW

2020: The year that was

02-01-2021 09:27 Economic crisis, rising poverty and unemployment, debt talks, creditors, the IMF, wealth tax, squatters, a police mutiny, the failed appropriation of Vicentin, alleged AFI espionage, ‘lawfare,’ corruption, legalised abortion, diplomacy, disappearances, the death of Diego Maradona… a lot happened in Argentina over the past 12 months, but it was all overshadowed by Covid-19.

by Michael Soltys

BLOOMBERG

BlackRock's Fink says Argentina won't soon regain investor trust

06-11-2020 08:15 Blackrock Inc. CEO Larry Fink said Argentina has a long way to go before it can regain investor confidence.

BLOOMBERG

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

BLOOMBERG - OPINION

El-Erian: Argentina and Ecuador diverge after bond restructurings

11-10-2020 09:18 A month after finalising historic “zoom” debt restructurings, Argentina and Ecuador find themselves on starkly different paths toward economic and financial improvements.

DEBT RESTRUCTURING

Argentina exits default after US$65-billion debt deal

07-09-2020 21:53 Nation officially emerges from its ninth default after Standard & Poor's Global raised its credit rating following the restructuring of US$65 billion of overseas debt.

DEBT DEAL DONE

Debt deal done – now Argentina must rebuild confidence in its economy

05-09-2020 10:29 Analysts praise government's debt restructuring deal, but say rebuilding the economy and generating confidence with markets will be a tougher task.

DEBT DEAL DONE

Creditors overwhelmingly back government’s debt restructuring offer

05-09-2020 10:24 Argentina wins "massive" bondholder support to restructure overseas debt, exchanging 99% of debt held under international law.

POLITICS & THE PANDEMIC

A new low for the Lower House

05-09-2020 09:15 Monday was a big day for Alberto Fernández’s Peronist government, as it heralded its debt deal with foreign creditors. But the joy lasted only a day and celebrations were all but buried by news in Congress.

by Martín Gambarotta

BLOOMBERG

Guzmán says Argentina must work to cut bond yields

04-09-2020 17:53 Country must reduce its bond yields before returning to international capital markets in a process that will likely take some time, says Economy Minister Martín Guzmán in interview.

BLOOMBERG

Investors welcome debt deal amid grim economic outlook

31-08-2020 22:54 Investors are caught between relief over Argentina’s debt deal and concern over the grim economic reality facing the country.

DEBT RESTRUCTURING

Guzmán confirms 99% of overseas debt restructured in swap

31-08-2020 17:52 Argentina wins "massive" bondholder support to restructure overseas debt, exchanging 99% of debt held under international law.

DEBT RESTRUCTURING

Creditors reiterate support for debt swap

22-08-2020 10:05 Ad Hoc Group of Argentina Exchange Bondholders says members will be entering Argentina’s debt swap proposal to the tune of almost US$5 billion on Monday.

DEBT RESTRUCTURING

Creditors reiterate support for Argentina’s debt restructuring offer

18-08-2020 16:08 Two of three main bondholder groups confirm they will accede to revised proposal, which was filed with the US Securities and Exchange Commission on Monday.

DEBT RESTRUCTURING

Government files official debt offer with SEC, extends deadline

17-08-2020 14:50 Amended debt restructuring offer filed with US Securities and Exchange Commission, extending deadline for investors to accept until August 28.