News of local

Debt rollover flops as investors eye midterms

04-08-2021 20:47 Investors sent a warning message to Argentina’s Treasury on Tuesday night – don’t expect us to finance the government’s increased spending ahead of November’s midterm elections unless interest rates go up.

SMEs in Argentina

‘PyMEdemia’ – 20,000 SMEs closed, 100,000 jobs lost in 2020, says report

31-07-2021 00:07 New Ecolatina report says the number of small and medium sized companies in Argentina has dropped to 2008 levels in the midst of the coronavirus pandemic.

DEBT RESTRUCTURING

Adherence to domestic debt swap deal rises to 99.49%

29-11-2020 23:29 Government announces that adherence to its offer to restructure US$41.7 billion in bonds issued under local jurisdiction has risen to 99.49 %.

BLOOMBERG

Argentina gives Templeton, Pimco chance to trim peso holdings

09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.

BLOOMBERG

Argentina bonds are trading as if the pandemic never happened

07-08-2020 12:34 Debt accord has left the bonds trading at pre-pandemic levels, even as the country lacks the outline of a credible economic plan to get itself out of the current deep crisis.

DEBT RESTRUCTURING

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.

DEBT RESTRUCTURING

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.

BLOOMBERG – ANALYSIS

Argentine corporates are bright spot after nation's debt default

18-06-2020 00:28 You might think Argentine companies will struggle to make bond payments due this year amid the government’s ninth default, a long recession and ever-stricter capital controls. You’d be wrong.

RATINGS AGENCIES

Ratings agencies downgrade Argentina after payment freeze

07-04-2020 23:03 S&P adjusted Argentina's rating to "selective default" on Tuesday, after government freeze payments on dollar-denominated debt under local law. Move follows in the footsteps of downgrades from Fitch and Moody's.

BLOOMBERG

Suspension of local debt payments shows not all bondholders are equal

06-04-2020 16:11 Plan to stop payments on some dollar-denominated debt burns investors who put their faith in domestic bonds, improves outlook for holders of international notes.

Coronavirus pandemic

Government postpones local debt payments due in dollars until end of year

06-04-2020 09:23 The government has issued a decree to defer close to US$9.8 billion in local dollar-denominated debt payments until 2021.

TRANSFER WINDOW

Marcos Rojo rejoins hometown club Estudiantes on loan

30-01-2020 14:18 Combative defender has resigned for the Pincha on loan from Manchester United, Superliga side announces.

STREAMING GIANT

France looks to force Netflix to invest in local productions

15-01-2020 13:25 French Culture Minister Franck Riester moves to tackle US streaming platform in order to boost national audiovisual industries.

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.