BLOOMBERG Debt restructuring talks for Buenos Aires Province stall 22-03-2021 16:23 After nearly a year of extending the deadline of its debt restructuring proposal, fresh documents published by Argentina’s largest province show talks remain stuck.
BLOOMBERG BlackRock's Fink says Argentina won't soon regain investor trust 06-11-2020 08:15 Blackrock Inc. CEO Larry Fink said Argentina has a long way to go before it can regain investor confidence.
BLOOMBERG - OPINION El-Erian: Argentina and Ecuador diverge after bond restructurings 11-10-2020 09:18 A month after finalising historic “zoom” debt restructurings, Argentina and Ecuador find themselves on starkly different paths toward economic and financial improvements.
BLOOMBERG Guzmán says Argentina must work to cut bond yields 04-09-2020 17:53 Country must reduce its bond yields before returning to international capital markets in a process that will likely take some time, says Economy Minister Martín Guzmán in interview.
DEBT RESTRUCTURING 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.
DEBT RESTRUCTURING 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.
DEBT RESTRUCTURING Government files official debt offer with SEC, extends deadline 17-08-2020 14:50 Amended debt restructuring offer filed with US Securities and Exchange Commission, extending deadline for investors to accept until August 28.
BLOOMBERG Argentina’s creditors will get better debt deals from provinces 14-08-2020 15:16 National government’s debt restructuring accord was a benchmark, setting a minimum, not a maximum for what investors can expect.
BLOOMBERG Government seeks to reach new IMF agreement before April 07-08-2020 00:49 Government seeks deal with the International Monetary Fund over a new financing programme before the end of March, in order to renegotiate US$2-billion payment owed to the Paris Club that matures in May.
DEBT RESTRUCTURING DEAL 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
DEBT RESTRUCTURING Creditors 'pleased' with 'preliminary agreement' on debt restructuring 04-08-2020 23:43 IMF chief Kristalina Georgieva welcomes debt deal reached by Argentina and its creditors as a "very significant step."
DEBT RESTRUCTURING Economists praise debt deal but warn challenges on horizon 04-08-2020 18:38 Experts welcome government's agreement with creditors, but warn that Argentina must now correct imbalances and other issues.
DEBT RESTRUCTURING 'We resolved an impossible debt,' declares delighted Fernández 04-08-2020 14:19 President Alberto Fernández hails government after officials confirm Argentina has reached an agreement with three major creditors over restructuring of US$66-billion debt.
DEBT DEAL AGREED 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.
DEBT RESTRUCTURING Argentina reaches US$65-billion debt restructuring deal with creditors 04-08-2020 08:59 Government says in a statement that deal with key creditors would provide “significant debt relief.” While it statement didn’t provide a net-present value for the agreement, sources say the deal is worth about 54.8 cents on the dollar.
BLOOMBERG 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.
DEBT RESTRUCTURING Ecuador wins bondholders’ approval for debt restructuring 03-08-2020 15:26 Creditors vote in favour of a restructuring plan for US$17.4 billion of debt that will see the South American country's capital and interest payments reduced.
BLOOMBERG Creditors seek international backing on debt clauses 02-08-2020 17:01 Bondholders approach several international organisations, including IMF and US Treasury, to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities.
DEBT RESTRUCTURING Government to seek new IMF plan, regardless of outcome of debt talks 28-07-2020 14:43 Argentina will seek a new programme with the IMF whatever the outcome of talks with bondholders, says Economy minister Martín Guzmán.
DEBT RESTRUCTURING Creditors once again reject government's debt restructuring offer 28-07-2020 14:36 In a letter sent to Economy Minister Martín Guzmán, signed by 30 funds, main bondholder groups reiterate rejection of deal on table and say they hold veto power over any agreement.
BLOOMBERG Argentina's creditors boost bargaining power with new funds 27-07-2020 23:21 Main bondholder groups now say they represent 50% of Argentina's overseas debt, potentially strengthening their bargaining power against the government.
council of the americas Fernández asks creditors for 'understanding' on debt offer 22-07-2020 01:18 Argentina simply cannot pay more than the offer that is on the table, president says during Council of the Americas event.
DEBT RESTRUCTURING Debt deal at impasse as creditors unite to reject government's offer 20-07-2020 23:50 Three groups of creditors announce they have rejected Argentina's proposal to restructure US$66 billion of debt and delivered a counter offer to government – which President Alberto Fernández promptly dismisses out of hand.
Bloomberg Creditors join forces to demand better terms on debt deal 20-07-2020 21:54 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.
DEBT RESTRUCTURING The ball is in the creditors' court, says Guzmán 16-07-2020 16:55 Economy Minister Martín Guzmán says Argentina is not seeking a "confrontational" relationship in debt talks and says the onus to make a deal is now on the country's creditors.
DEBT RESTRUCTURING 'We can't do more than this,' Fernández tells Argentina's creditors 13-07-2020 23:54 President says in a radio interview that Argentina has made its "maximum effort" to reach an agreement with bondholders, reiterating that what's on the table is the country's "final offer."
BLOOMBERG Ecuador’s speedy debt deal underscores Argentina’s hang-ups 10-07-2020 17:31 President Lenín Moreno’s administration struck an agreement with some of its top bondholders this week ahead of a mid-August deadline, when a moratorium on payments ends. By contrast, Argentina has presented a second binding offer to creditors after pushing back its deadline five times.
DEBT RESTRUCTURING Guzmán rules out changes to offer, but creditors say proposal 'falls short' 09-07-2020 02:37 Economy Minister Martín Guzmán rules out further changes to government's debt restructuring offer as offer wins support from IMF and some G20 finance ministers. Large creditors, however, aren't impressed.
BLOOMBERG Malbec bonds beat defaulted Argentine peers on investor hope 09-07-2020 02:26 A glimmer of hope is lurking within Argentina’s default-ravaged debt landscape: Bonds sold by Mendoza, the Andean-bordering province famed for exports of full-bodied Malbec wine.
DEBT RESTRUCTURING This is Argentina's final debt offer, Guzmán tells creditors 08-07-2020 17:33 Economy minister describes talks as "a cold shower of reality for creditors," as they've come to realise Argentina's limitations.
DEBT RESTRUCTURING Favourable initial reaction to Argentina's new debt swap offer 08-07-2020 16:58 Two investment funds, Gramercy and Fintech Advisory, express approval for Argentina's new debt restructuring offer. Creditors entering the swap stand to obtain 53.5 cents for every dollar loaned as against 39 cents in the first offer rejected by most creditors.
DEBT RESTRUCTURING Government files new debt restructuring offer with SEC 07-07-2020 14:04 Argentina formally presents its new proposal to the US Securities and Exchange Commission, extending deadline for acceptance to August 4.
BLOOMBERG - OPINION Mohamed A. El-Erian: Argentina's debt proposal deserves support 07-07-2020 01:35 It would be in neither side's long-term interest to allow the theoretical best to be the enemy of the attainable good – what is now on the table warrants support by both Argentina and its creditors.
DEBT RESTRUCTURING Two creditor groups mull 'lock-up' to oppose government's offer 03-07-2020 03:47 The Ad Hoc and Exchange Bondholder groups are closely watching to see if the government submits an offer that it has discussed with a third creditor group – the Argentina Creditor Committee – and would reject it.
DEBT RESTRUCTURING TALKS Government weighs earlier coupon payments as debt talks stall 30-06-2020 19:09 Argentina is considering paying coupons sooner than previously announced, as it aims to close a gap with creditors in debt restructuring talks, according to people with knowledge of the matter.
DEBT RESTRUCTURING Argentina's creditors urge officials to move ahead on debt talks 30-06-2020 15:10 Creditors groups call for progress on talks, saying the "lack of serious engagement from the Argentine authorities is deeply concerning."
BLOOMBERG Argentina reached ‘an understanding’ with one creditor group, says Guzmán 25-06-2020 16:30 Argentina reached an understanding – but not an agreement – with one group of creditors, but major differences remain with another key faction, says Economy Minister Martín Guzmán said Thursday.
DEBT RESTRUCTURING Guzmán says Argentina cannot commit to demand from creditors group 23-06-2020 21:31 Guzmán says Argentina cannot commit to legal terms proposed by one of the leading creditor groups, the Ad Hoc Bondholder Group, but remains open to discussion.
DEBT RESTRUCTURING Creditors accuse Argentina of 'terminating dialogue' in order to 'provoke division' 20-06-2020 08:46 Ad Hoc and Exchange Bondholder groups says they’re “united in disappointment” about the decision to “terminate dialogue” with creditors and extend talks at a critical juncture of negotiations.
DEBT RESTRUCTURING Debt restructuring 'progressing,' deadline extended for five weeks 20-06-2020 08:25 Deadline now set for July 24 "to continue discussions and allow the investors to contribute to a successful restructure," the government said in a statement.
DEBT RESTRUCTURING Creditors' group issues court threat as debt talks hit a wall 18-06-2020 02:19 Talks seemed to have hit a wall, with one government source saying it was "highly unlikely" a deal will be agreed before Friday's deadline.
DEBT RESTRUCTURING Debt talks with creditors stall amid growing animosity 18-06-2020 01:21 Ad Hoc Bondholder Group, one of several that have been most active in the talks, slammed Argentina for rejecting what it called a “sustainable and sensible solution.”
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.
DEBT RESTRUCTURING Argentina extends confidentiality agreements with creditors as talks continue 16-06-2020 23:12 Government likely to present its new offer on Friday, with deadline set for another extension until Monday.
Bloomberg Farmers shun government's solution to debt conundrum 16-06-2020 22:28 Agriculture sector lobbying against the government’s proposal to sweeten an offer on its overseas debt restructuring with payments tied to sector's exports.
BLOOMBERG Creditors present new debt swap offer, but differences remain 15-06-2020 23:58 Two groups submitted offer to government over weekend, in which they agreed to accept losses on a net-present value basis of about 44% to 46%, according to reports.
DEBT RESTRUCTURING Fernández: Argentina working on improved offer to creditors 15-06-2020 09:00 "We all want to avoid default, but we are acting with economic rationality," declares Peronist leader, confirming a new improved offer is on the way.
DEBT RESTRUCTURING Argentina extends debt offer deadline as talks start wrapping up 12-06-2020 17:39 The country will push back the deadline by a further week to June 19, according to a statement from the Economy Ministry.
DEBT RESTRUCTURING Stiglitz again calls for debt deal: 'Argentina's creditors have no shame' 12-06-2020 14:52 "Short-termism is being reflected in the debt negotiations with Argentina, with some creditors demanding money that exceeds what is sustainable," says Nobel economics laureate.
Another debt deadline day Government prepares new proposal for creditors, extension likely 12-06-2020 02:58 Government expected to deliver new proposal to bondholders on Friday, with likely deadline extension to follow.