News of bondholders

YPF creditors reject last debt offer as deadline looms

05-02-2021 00:49 Largest group of creditors reject latest debt restructuring offer, just days before the expiration of its US$6.2-billion bond proposal.

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 %. 

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.

Argentina bonds fall with tighter foreign-exchange controls

16-09-2020 23:23 Argentine bonds fell Wednesday after the government expanded restrictions on foreign exchange in an attempt to hold onto US dollars as reserves dwindle.

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 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.

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.

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.

Goodbye default my old friend

08-08-2020 08:44 The ultimate question is if this agreement will spare Argentina the ordeal of holdout bondholders – Guzmán will have conjured a miracle if there are none to worry about once this deal is done.

by Martín Gambarotta

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.

'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.

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.

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.

Guzmán hints at deadline extension for debt talks with creditors

01-08-2020 09:42 Economy minister says government is “assessing all options,” with talks at an impasse as August 4 deadline nears.

Guzmán takes on Wall Street

25-07-2020 08:01 Argentina’s Stiglitz-groomed debt chief has taken on a task many would have turned down. And as talks with bondholders enter a crucial stage, the stakes are higher than ever.

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.

Government offers bond exchange, sends debt bill to Congress

18-07-2020 09:50 Guzmán says Argentina is not seeking a "confrontational" relationship with foreign creditors and says onus is now on them to make a deal.

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.

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.

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.