News of bondholders

DEBT RESTRUCTURING

IMF hails 'productive' meeting with Guzmán, as minister faces creditors

25-02-2020 08:54 Economy minister says Argentina is facing "a critical moment" ahead of meeting with private creditors and bondholders in Washington on Tuesday.

DEBT TALKS

Guzmán flies to United States after meeting US Treasury chief

24-02-2020 15:48 Economy Minister Martín Guzmán held a "productive" meeting with US Treasury Secretary Steve Mnuchin on the sidelines of the G20 summit of finance ministers in Saudi Arabia on Sunday.

Global economic slowdown

Global safety rush sends US yields plunging toward record lows

24-02-2020 15:44 Traders are preparing for the worst as the coronavirus spreads across national borders, stoking fears about its economic impact as US yields fell to their lowest levels since 2016.

Bloomberg

Green Bonds are selling like ‘ice cream’ – Latin America wants in

24-02-2020 15:39 At least five Latin American governments and several companies are considering debt sales to fund environmentally friendly projects in what is expected to be the region’s most active year for issuance of so-called green bonds since 2017.

DEBT TALKS

Famed economist concerned Argentina is on road to 'total default'

20-02-2020 09:00 Economists, including respected Turkish academic Nouriel Roubini, warn that Argentina's lack of credibility and a coherent economic plan may mean negotiations with IMF end up fruitless.

DEBT RESTRUCTURING

Cristina raises stakes for Argentina's crucial talks with IMF

15-02-2020 09:17 Vice-president lays into IMF, as government officials welcome mission team to Argentina.

Bloomberg

Hedge funds join forces to prepare for Argentina debt talks

14-02-2020 19:06 Monarch Alternative Capital LP is spearheading a group of hedge funds organising ahead of debt restructuring talks with Argentina, according to Bloomberg.

DEBT RESTRUCTURING

Guzmán warns of ‘deep debt restructuring’ in address to Congress

13-02-2020 00:32 “It’s necessary to have a deep debt restructuring,” says minister during congressional hearing, where he provided his most detailed comments about debt strategy since taking office in December.

DEBT RESTRUCTURING

Creditors BlackRock, Fidelity form bondholder group ahead of debt talks

12-02-2020 23:42 Money managers including BlackRock Inc. and Fidelity Investments have launched a committee focused on Argentina's sovereign debt crisis, Bloomberg revealed Wednesday.

RESTRUCTURING

Economy Ministry delays payment of AF20 bond principal

11-02-2020 17:07 Economy Ministry, headed by Martín Guzmán, slams "speculation" in fierce statement, saying it would not allow "Argentine society" to be "held hostage by international financial markets."

Deadline approaches

Buenos Aires Province sweetens deal for 2021 creditors

27-01-2020 17:27 In exchange for pushing back the deadline on a US$250-million principal payment, investors would get paid interest on those funds, according to the offer revealed Monday.

BUENOS AIRES PROVINCE

'We are not in a position to pay,' Kicillof warns bondholders

24-01-2020 10:28 BA Province governor warns creditors that February 5 is the 'last chance' for them to accept delay in payment before default.

Bloomberg

Economist Stiglitz sees ‘significant haircuts’ for Argentina's debt

21-01-2020 12:03 “The reality is there will have to be significant haircuts,” says economist in interview at the World Economic Forum in Davos.

FERNÁNDEZ'S FIRST MONTH

Fernández walks tightrope as he celebrates first month in office

09-01-2020 20:00 A month into his presidency, Peronist leader has embarked on an ambitious and risky juggling act in a bid to drag Argentina out of its worst economic crisis in almost 20 years.

Ley de Solidaridad

Cafiero: Government will approve emergency economic measures today

23-12-2019 17:23 "The enactment will be today," says Cabinet Chief.

INTERVIEW

Argentina is in 'virtual default,' declares President Fernández

23-12-2019 08:53 "It is not the same as 2001, but it is similar," Fernández said in an interview with TV programme La Cornice. "Today we are in virtual default."

BLOOMBERG – ANALYSIS

Fernández secures sweeping powers to conduct debt talks

22-12-2019 22:29 President will now have more authority to negotiate with creditors, raise worker salaries and hike taxes. Government secured passage with concessions including lower export taxes on oil, gas and mining, and tax relief for small farmers.

BLOOMBERG

Kicillof says Buenos Aires Province can't afford to pay debts

11-12-2019 17:14 “As Alberto said, if we don’t grow, we can’t pay,” says new governor. “We’ll get in touch with bondholders immediately and establish a dialogue to find a solution to this problem.”

NEW CABINET

Meet Martín Guzmán, Argentina's next economy minister

09-12-2019 14:07 New economy minister, who is close to Nobel-Prize-winning economist Joseph Stiglitz, is seen as a critic of the International Monetary Fund.

BLOOMBERG

Fernández planning simultaneous debt talk with IMF and private bondholders

26-11-2019 13:24 President-elect's team believes holding simultaneous debt negotiations with private bondholders and the IMF will smooth the way for a better deal.

BLOOMBERG

Fine print on Argentine bonds becomes crucial as default fears grow

01-11-2019 13:28 President-elect Alberto Fernández says Argentina needs debt relief. Investors are paying a premium for bonds that they think will give them more negotiating power in the event of a default.

BLOOMBERG

Ex-BNP Paribas banker is potential bridge between Argentina, creditors

31-10-2019 15:13 Bondholders turn to Marcelo Delmar, the former head of Latin American debt capital markets at BNP Paribas SA, for guidance as they gear up for restructuring talks with President-elect Alberto Fernández’s government.

Bloomberg

Investors stuck in Argentina rush to local corporate bond market

11-10-2019 10:34 Foreign investors are starting to flock to Argentina’s usually sleepy local corporate-bond market, desperate to reinvest cash stuck in the country due to recently imposed capital controls.