News of bondholders

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 – 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.

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.

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.

For Argentina, reaching a debt deal was the easy part

10-08-2020 15:50 Many analysts foresee the IMF agreeing to reschedule the loan to its biggest debtor. Nonetheless, the Fund’s imprimatur will come with conditions.

by Mac Margolis

How Argentina and its creditors reached a deal

08-08-2020 09:43 Agreement with bondholders brings months of negotiations to an end. Here’s how we got here.

Creditors 'pleased' with 'preliminary agreement' on debt restructuring

04-08-2020 23:43 IMF chief Kristalina Georgieva welcomes debt deal reached by Argentina and its creditors as a "very significant step."

Economists praise debt deal but warn challenges on horizon

04-08-2020 18:38 Experts welcome government's agreement with creditors, but warn that Argentina must now correct imbalances and other issues.

Argentina, creditors inch closer on US$65-billion debt deal

03-08-2020 17:47 The sides have moved closer over the weekend and are discussing a deal where creditors would receive about 54.8 cents on the dollar, according to three people with direct knowledge of the talks.

Ecuador wins bondholders’ approval for debt restructuring

03-08-2020 15:26 Creditors vote in favour of a restructuring plan for US$17.4 billion of debt that will see the South American country's capital and interest payments reduced.

Creditors once again reject government's debt restructuring offer

28-07-2020 14:36 In a letter sent to Economy Minister Martín Guzmán, signed by 30 funds, main bondholder groups reiterate rejection of deal on table and say they hold veto power over any agreement.

Argentina's creditors boost bargaining power with new funds

27-07-2020 23:21 Main bondholder groups now say they represent 50% of Argentina's overseas debt, potentially strengthening their bargaining power against the government.

Creditors join forces to demand better terms on debt deal

20-07-2020 21:54 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.

Argentina eases local dollar debt burden with US$5-billion swap

19-07-2020 08:53 Large number of exchanged dollar maturities underscores the success of recent government efforts to restore confidence in the local debt market.

‘Final’ offer on table as debt talks enter critical stage

11-07-2020 08:54 Argentina formalises latest debt bond swap proposal, filing offer with SEC and extending deadline to August 4.

The arguing never stops

11-07-2020 08:13 The arguing will never go away. At times it pauses briefly when the public is hit by unsettling news on the coronavirus front, but then, in no time at all, the bickering begins once more.

by Martín Gambarotta

This is Argentina's final debt offer, Guzmán tells creditors

08-07-2020 17:33 Economy minister describes talks as "a cold shower of reality for creditors," as they've come to realise Argentina's limitations.

Favourable initial reaction to Argentina's new debt swap offer

08-07-2020 16:58 Two investment funds, Gramercy and Fintech Advisory, express approval for Argentina's new debt restructuring offer. Creditors entering the swap stand to obtain 53.5 cents for every dollar loaned as against 39 cents in the first offer rejected by most creditors. 

Government weighs earlier coupon payments as debt talks stall

30-06-2020 19:09 Argentina is considering paying coupons sooner than previously announced, as it aims to close a gap with creditors in debt restructuring talks, according to people with knowledge of the matter.

Argentina's creditors urge officials to move ahead on debt talks

30-06-2020 15:10 Creditors groups call for progress on talks, saying the "lack of serious engagement from the Argentine authorities is deeply concerning."