News of bonds

AySA's bond rally faces key privatisation test

27-03-2025 17:45 Debt holders of state-owned water and sewage company AySA are reaping a windfall after President Javier Milei scrapped some price controls for public utility services.

PHONE MARKET

Telefónica becomes victim of Chile’s mobile phone curse

17-03-2025 16:32 Telefónica’s bonds tumble and investors question its commitment to Chile as it sells assets in Argentina and Colombia.

BONDS & MARKETS

Milei celebrates as Argentina pays US$4.3B to bondholders

09-01-2025 13:07 "Debts must be paid," declares President Javier Milei as Treasury makes first due bond repayments of 2025, amounting to US$4.341 billion in principal and interest.

DEBT REPAYMENTS

Official says country made payments on sovereign debt

09-01-2025 11:38 Finance Secretary Pablo Quirno said on a post on X Thursday morning that Argentina's government has made debt payments to international bondholders.

REPURCHASE AGREEMENT

Milei scores win with US$1-billion repo from five top banks

05-01-2025 09:47 Milei administration announces US$1-billion repurchase agreement with five international lenders that will help replenish foreign reserves at its Central Bank.

BUSINESS & INVESTMENT

Creditors agree to restructuring for Argentina’s Clisa

18-12-2024 14:34 Creditors agree to debt rework with Clisa, holding company behind Buenos Aires metro company operators.

MARKETS

Wall Street skips Argentina bond and M&A rally loved by locals

13-11-2024 14:34 Government bonds are up 151% since Javier Milei won last year’s presidential election, but the foreign share of holdings is down.

MARKETS

Argentine debt rises out of distress territory on Milei reforms

28-10-2024 11:36 Prices for some of Argentina’s sovereign notes have soared to their highest levels since they were issued in a 2020 restructuring.

COURT RULING

Argentina rejected by UK Supreme Court in US$1.5-billion bond case

15-10-2024 13:34 Negative ruling for Argentina over appeal; Nation may be forced to pay US$1.5 billion in damages to holders of the country’s growth-linked bonds.

ECONOMY – ANALYSIS

Milei gets vote of confidence in wave of Argentine debt sales

15-10-2024 11:22 Argentina’s largest companies are rushing to issue dollar debt, a tentative sign that Javier Milei’s shock therapy is starting to restore investor confidence.

ECONOMY – ANALYSIS

Pimco, Barings question how soon Argentina can sell bonds again

08-10-2024 13:04 Economy Minister Luis Caputo told investors recently that the government expects to sell bonds abroad again by January 2026. For asset managers, however, that's a long shot.

FINANCE & BUSINESS

Broker returns US $10 million in profit from Argentine ghost bonds

18-09-2024 12:05 Max Capital SA has returned nearly US$10 million in profits to the government after exploiting a loophole in a significant debt swap.

Bloomberg

Bondholders in Buenos Aires Province question Milei’s resolve

28-05-2024 14:46 Bondholders in Buenos Aires Province are speculating that even Javier Milei isn’t ruthless enough to let the nation’s richest region go bankrupt.

BUSINESS & INVESTMENT

Goldman, Stone Harbor wind back Argentina bets after bond rally

08-05-2024 11:49 Investors who rode an eye-popping rally in Argentina’s sovereign debt this year are starting to pull back.

BLOOMBERG

City officials to meet investors as Buenos Aires weighs global bond sale

02-05-2024 16:40 Officials from Buenos Aires City government will meet with global investors next week as it explores selling overseas dollar bonds for the first time in eight years.

BLOOMBERG

Caputo speech at JPMorgan event helps propel Argentine bonds

18-04-2024 13:18 Argentina won’t lift capital controls until international reserves are high enough to safeguard against a potential currency run, Luis Caputo tells investors.

Bonds

La Rioja Province hires advisers as it struggles to pay bonds

27-02-2024 11:40 La Rioja Province hires advisers to negotiate with bondholders in face of “unprecedented economic challenges."

Inflation

Banks warn against inflation bonds as price hikes cool

27-02-2024 11:36 Recession forecasts and a shrinking amount of money in circulation, as well as a narrowing gap between Argentina’s exchange rates and cooling inflation expectations, are driving investors to ease off inflation bonds.

MARKETS

Latin America’s quasi-sovereign companies attract bond investors

19-02-2024 14:09 State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.

MARKETS

Argentina bonds gain as Milei’s rework passes crucial tests

13-01-2024 08:58 Javier Milei capped his first month as president by winning approval from markets, providing a lift for his broader plans to overhaul Argentina’s economy.

MARKETS

YPF offers to buy back bonds due in April

05-01-2024 13:47 State-run oil producer YPF SA launches offer to buy back some of dollar bonds due later this year in a bid to reduce short-term debt.

Bopreal securities sale

Argentina’s first ‘reconstruction’ bond sale to importers flops

29-12-2023 21:35 Central Bank’s first auction to pay down importers’ debts owed to suppliers abroad flopped Thursday as the monetary authority only sold a fraction of the total it had offered.

economy

Milei lifts imports controls in free trade push

28-12-2023 00:27 Government lifts import restrictions as the Central Bank prepares to sell dollar bonds to pay down commercial debt.

MARKETS

Argentina bonds rise to two-year high after Milei debuts shock plan

13-12-2023 11:30 Bonds climb to the highest in two years after President Milei’s government unveils first batch of shock-therapy economic measures.

MARKETS

Wall Street welcomes Milei victory but warns of challenges ahead

20-11-2023 14:29 Analysts and investors welcome the prospect of radical change in Argentina but warn about deep challenges facing Javier Milei.

MARKETS

Argentina investors cheer Milei victory, brace for peso sell-off

20-11-2023 00:37 Investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledge to usher in a radical remake of South America’s second-largest economy.

BLOOMBERG - ANALYSIS

Massa-Milei run-off is worst-case scenario for bonds

23-10-2023 20:40 A round-up of commentary about what the Argentina's election, the outcome of the vote and what it means for the markets.

MARKETS

Argentina assets brace for sell-off after Massa forces run-off

23-10-2023 08:17 Investors braced for a sell-off after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate.

MARKETS

Here are the assets to watch ahead of Argentina’s presidential election

20-10-2023 07:41 Investors in Argentine assets are bracing for losses ahead of Sunday’s presidential election, with uncertainty high as voters grapple with triple-digit inflation and economic gloom. Here are key assets to watch ahead of the vote.

THIRST FOR DOLLARS

Argentines’ love of dollars creates a windfall for local brokers

02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.

OIL & GAS

Argentina investors see rally in YPF bonds running out of steam

21-09-2023 23:07 Investors saying it’s time to sell bonds from Argentina’s state-run oil driller YPF SA ahead of the presidential elections in October.

ELECTION 2023

Adviser details ‘urgent’ economic measures Milei plans for Argentina

21-09-2023 14:48 Darío Epstein, a top economic adviser to the libertarian presidential candidate, questions latest measures announced by Economy Minister Sergio Massa and details Javier Milei’s plan for government.

BLOOMBERG – ANALYSIS

Argentina’s assets to watch before key primary election

10-08-2023 15:20 Argentines will head to the polls in a nationwide primary election on Sunday, with traders watching closely for signs of regime change in the debt-ridden nation mired in yet another economic crisis.

MARKET TURBULENCE

Peso drops to all-time low on parallel markets as Massa lays out IMF deal

24-07-2023 19:18 Strong volatility on the markets – while bonds in foreign currency appreciated after the pre-agreement with the IMF and the announcement of foreign exchange measures, the informal currency jumped to a new record. What analysts say.

by María Lorena Rodríguez

MARKET REACTION

Investors say Massa optimism offers brief respite

27-06-2023 08:53 Argentine bonds among biggest gainers in emerging markets after the ruling Peronist bloc coalesced around Economy Minister Sergio Massa.

DEBT SWAP

Government hails ‘historic’ seven-trillion-peso debt swap

09-06-2023 20:47 Just under 78 percent of creditors sign up to voluntary debt swap, a measure President Alberto Fernández’s administration described as “very successful.”

BLOOMBERG - ANALYSIS

Frantic push to solve sovereign debt crises irks Wall Street

28-05-2023 10:14 A shakeup is brewing in the US$1.6 trillion universe of emerging-market sovereign debt — whether Wall Street likes it or not.

CURRENCY CONTROLS

CNV removes loophole with new MEP, CCL restrictions

25-05-2023 16:39 Government tightens ‘cepo’; Officials want to remove loopholes enabling purchasing of cheap dollars on the stock market in order to resell them at a higher price at Central Bank’s expense.

PARAGUAY ELECTIONS

Paraguay presidential hopeful has a plan to win investment-grade status

29-04-2023 06:17 Recent polls show a tight race between Efraín Alegre, a career politician leading a coalition of conservatives and leftists, and the ruling Colorado Party’s candidate, Santiago Peña.

COURT RULING

Argentina loses US$1.5-billion UK case over GDP-linked bonds

05-04-2023 10:47 Argentina must compensate investors for losses in the country’s growth-linked securities after the nation changed the method of calculating gross domestic product, a London court ruled.