News of debt

CHUBUT PROVINCE

Unrest in Chubut grows as recession, debt squeezes oil-rich province

18-09-2019 13:00 Chubut is drowning in a sea of debt, with the provincial government facing difficulties in paying salaries in full and on time to teachers, medical doctors, court employees, office clerks, pensioners and security forces.

Bloomberg

Argentine bondholders pull out old guidebook to flee country

08-09-2019 08:55 “Many investors thought Argentina was on its way to becoming Chile or Colombia – stable, investment grade,” said Leo Chialva, a partner at Buenos Aires-based consulting firm Delphos Investment. “Those large funds are horrified by the latest measures.”

economy

Debt all around as middle class feels the squeeze

07-09-2019 01:30 Facing mounting piles of credit card debt, unpaid medical bills and private school fees, Argentina’s cash-strapped middle class, much like the State itself, is facing its own debt default.

BLOOMBERG

The US$15 billion of distressed provincial bonds that no-one is talking about

04-09-2019 09:13 Argentina's provinces were among the most prolific issuers when international capital markets reopened to Argentina. By offering interest rates in excess of 9%, they were able to lure yield-hungry investors to little known and sparsely populated corners of the country.

BLOOMBERG

Vulture funds circle Argentina, waiting for right time to buy

03-09-2019 17:06 Less than five years after settling with hold-out creditors from a record default in 2001, Argentina is again looking like a ripe target for funds that specialise in wringing value out of distressed assets.

LEGISLATION

Government to seek support before submitting bill to 'reprofile' local debt

02-09-2019 16:46 After talks with the legislative branches of the Cambiemos coalition, Executive decides to seek consensus with opposition lawmakers beforehand submitting project.

Turbulence

The campaign or the nation?

31-08-2019 01:30 Argentina’s ninth debt default in its history is but one more stain in an already tarnished reputation.

by Agustino Fontevecchia

INTERVIEW: PERIODISMO PURO

Pichetto: 'Words like 'irreversible' are too rigid for Argentine politics.'

31-08-2019 00:55 From Peronist Senate stalwart to vice-presidential candidate. President Mauricio Macri’s running-mate, Miguel Ángel Pichetto explains why Juntos por el Cambio can still win in October.

by Jorge Fontevecchia

Elections 2019: Campaign watch

Macri should drop out of the presidential campaign

31-08-2019 00:42 More people might actually vote for Macri if they see he has made a political sacrifice for the common good.

by Marcelo J. Garcia

Election 2019

My name is bond, 'reprofiled' bond

31-08-2019 00:37 When volatile Argentina shudders, its peso currency is thumped. The dollar deposit drain, a hushed issue that nobody wants to talk about in the open, is not slowing down.

by Martín Gambarotta

BLOOMBERG

Macri’s surprise debt plan silences Argentina’s opposition

30-08-2019 19:03 Since the government's decision to "reprofile" the country's debt, Alberto Fernández's political faction has yet to stake out a position on the massive economic development.

BLOOMBERG

Argentina says it will buy bonds from local funds hit by withdrawals

30-08-2019 14:02 Central Bank tries to stem investor panic and stabilise mutual fund industry.

BLOOMBERG

Argentine mutual funds block redemptions as locals rush for exit

30-08-2019 10:46 The government's decision to extend maturities has triggered a run on mutual funds.

ECONOMY

Lacunza calls for new deadlines for IMF debt repayments

28-08-2019 18:30 In a press conference on Wednesday, the finance minister expressed the government's intent to negotiate a new debt restructuring with the IMF.

IMF VISIT

IMF to meet again with Lacunza, Fernández's economic team

26-08-2019 10:44 The Fund hopes to determine whether or not to approve another US$5.3-billion loan in September, the newest installment of its record agreement with the government.

BLOOMBERG

With victory in sight, Alberto Fernández must explain plan for Argentina

13-08-2019 10:28 As opposition candidate continues to blame Macri for Black Monday, investors await the Peronist leader's own economic plan.

BLOOMBERG

Latin America's central banks poised to join global rate cut party

25-07-2019 09:52 Brazil, Peru and Mexico indicate rate cuts are on the cards, but Argentina remains the outlier.

BLOOMBERG

Chubut province seeking to extend debt maturities

24-07-2019 23:17 Though the provincial government’s bill calls for a “restructuring,” provincial economy minister said there are no risks for current bondholders.

IMF DEAL

Lagarde's IMF resignation set for September 12

16-07-2019 13:02 IMF Executive Board to announce new director in a "timely fashion"

CNN INTERVIEW

Macri uncut: President blasts rivals in primetime interview

15-07-2019 13:01 Juntos por el Cambio leader vows that Argentina "is not going to default," lets rip at union leaders in wide-ranging interview.

BLOOMBERG

Argentina corporates pay high price in return to debt market

10-07-2019 13:04 Local firms returning to international capital markets after more than a year away may find their window to sell debt is already closing.

Claudio Loser

Lagarde departure will not alter Argentina relationship, says ex offical

03-07-2019 10:23 The Mauricio Macri government signed a US$56-billion 'stand-by' loan deal with the IMF in June, 2018. Macri's opponents say the conditions of the deal must be renegotiated.

Super Caputo

"This time is different"

07-04-2018 10:52 The rich businessman is the central node in Macri’s vision of the productive economy, generating jobs and growth by pursuing profit-making opportunities, progressively replacing the bloated state. And, if in order to achieve this goal one must relay on methods that stand at the boundaries of ethics, so be it.

by Agustino Fontevecchia

FINANCE MINISTER IN CONGRESS

Caputo: 14 statements on debt financing, budget deficit

04-04-2018 11:49 Finance Minster Luis Caputo addressed a special committee for the monitoring of foreign debt.

ECONOMIC QUESTIONS

Easter obligations

31-03-2018 10:44 The more cautiously you cut state spending, the more you need to finance the publicsector borrowing requirement by incurring debt – a time-bomb which has usually proved to be the detonator in Argentina’s explosive economic history.

by Michael Soltys