News of payment

DEBT RESTRUCTURING

Feud with BlackRock escalates as debt talks get heated

16-05-2020 10:53 The govenrment’s debt restructuring talks with foreign creditors are getting heated, and one Wall Street firm – BlackRock Inc – is a big part of the reason why.

BLOOMBERG

Analysts: Buenos Aires Province bondholder offer headed for rejection

24-04-2020 17:08 Proposal by Argentina’s largest province to restructure US$7 billion of international debt draws immediate criticism from analysts.

DEBT RESTRUCTURING

Bonds gain after debt restructuring proposal, but some investors left cold

18-04-2020 08:50 Markets and analysts react as Economy Minister Martín Guzmán asks bondholders to accept three-year grace period, cut of 62% on bond interest and 5.4% on debt capital.

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.

Coronavirus pandemic

Huge queues outside banks as they open doors during lockdown

03-04-2020 20:23 For the first time since the nationwide lockdown, retired Argentines and receiving social security payments left their homes in droves as banks reopened their branches.

Football in chaos

South American footballers seek full pay amid coronavirus

02-04-2020 18:03 As players around Europe accept pay cuts amid the coronavirus pandemic, some of their less-well-compensated South American counterparts are fighting for every penny.

Debt talks & Covid-19

Pandemic poses perfect storm scenario for Argentine debt

16-03-2020 08:05 The global downturn, and the crisis caused by the coronavirus, could yet strangely benefit Argentina, according to some economists.

Bloomberg

Creditors offered bond swap ahead of key peso debt payment

04-03-2020 16:04 Argentina offers investors a swap that debt for new bonds maturing in 2019, in a move that could allow the government to avoid increasing money supply.

MISSION TEAM

Fernández praises Guzmán as IMF confirms team will visit next week

28-02-2020 13:52 International Monetary Fund confirms it will send a mission team to Buenos Aires again next week to continue auditing public accounts.

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."

Delaying Debt

Fidelity wins big on Buenos Aires bond payment

05-02-2020 12:25 Buenos Aires Province avoids immediate default by agreeing to use money from its coffers to make a principal debt payment, Kicillof says.

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.

Bloomberg

Kicillof shows restraint as he takes on creditors once again

16-01-2020 15:45 Governor delivers tough message to bondholders, as Buenos Aires Province asks creditors to accept delay onUS$250-million principal payment due January 26.

Bloomberg

Buenos Aires Province asks to delay debt payment

14-01-2020 08:06 Axel Kicillof's provincial government asks bondholders of its 2021 notes to delay a principal payment due later this month, as national government's talks with creditors gear up.

BLOOMBERG

Buenos Aires Province debt talks slam one of world’s best bonds

09-01-2020 21:54 Buenos Aires Province’s plan to seek talks with creditors ahead of a debt payment due this month has torpedoed one of the world’s best bond rallies.

NEW MEASURE

Government confirms 4,000-peso increase for private-sector workers

06-01-2020 10:31 Labour minister announces rise for private-sector workers, with 3,000 pesos falling due with this month’s wage and the rest in February.

SALARIES

Government, firms, unions agree one-off payment for private-sector workers

24-09-2019 09:45 Parties "agree mandatory salary payment of 5,000 pesos for private-sector workers," announces production and labour minister.