News of 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.

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.

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.

Fernández to reboot government's agenda with new announcements

31-08-2020 10:04 President seeks to push agenda beyond the immediate challenges of virus pandemic, with government planning series of announcements related to the economy, debt talks and security.

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.

Bond traders are already betting on Argentina’s next default

18-08-2020 10:58 In the next few weeks, officials will put the finishing touches on a bond restructuring deal and bring an end to the ninth default in the country’s history. Bond traders are already bracing for the 10th...

Trump's pick for IDB top job slams Argentina's 'obstruction'

15-08-2020 10:14 Claver-Carone portrays himself as a breath of fresh air for an organisation that has had just four chiefs in six decades, but his eventual presidency would also mean breaking a non-written tradition where a Latin American heads this bank.

Ricardo López Murphy: ‘Fernández inherited a much better situation than Macri did’

15-08-2020 09:49 Veteran politician, former economy and defence minister and 2003 presidential candidate Ricardo López Murphy on reform, inheritance, the deficit and why the coronavirus pandemic will produce the most severe recession in economic history.

by Jorge Fontevecchia

Government wants Buenos Aires Province to be first to seal debt deal

10-08-2020 16:39 Casa Rosada wants Buenos Aires Province to be the first to resolve debt restructuring talks, according to sources, denying creditors chance to demand better conditions.

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

Debt deal – more relief than belief

08-08-2020 09:22 The quality of this haircut falling on interest rates way above recent levels rather than capital deserves praise, as does abandonment of the absurd three-year grace period exempting this administration from any payment.

Inside the frenetic days that changed Argentina’s debt talks

08-08-2020 09:15 After many months of tension, talks that dragged on for eight months, half-a-dozen deadline extensions, multiple proposals, and tens of hours of online negotiations, a deal has been reached.

With debt deal done, Argentina must answer: What’s the plan?

05-08-2020 16:20 President Alberto Fernández’s next step is to start talks for a new International Monetary Fund programme against a harrowing backdrop.

Support – and silence – from opposition economists in wake of debt deal

05-08-2020 00:31 Luis Caputo the most effusive in celebrating the government's deal with creditors, while Hernán Lacunza and Lucas Llach also express support. Alfonso Prat-Gay, the former official who was most critical of the deal, leads the criticism.

by Andrés Fidanza

Government hails ‘significant debt relief’ in accord with creditors

04-08-2020 09:44 Deal involves the Ad Hoc, Argentina Creditor Committee and Exchange Bondholder groups, as well as "certain other significant holders," Economy Ministry confirms in a statement.

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.

What we learned this week: July 25 to August 1

01-08-2020 09:18 The most important stories that caught our eye in the last seven days.

Senate approves debt swap bill for bonds under Argentine law

31-07-2020 19:05 Unanimous approval did not exclude acrimonious debate in which each side blamed the other for the increase in debt.

Alberto, Cristina and a sinking economy

25-07-2020 09:45 Macri’s experience suggests that Alberto’s chances of convincing the moneymen that it would be in their interest to lend Argentina a hand right now are close to zero.

by James Neilson

Markets rally on hopes debt talks are ‘too close to fail’

25-07-2020 09:32 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.