MARKETS Wall Street skips Argentina bond and M&A rally loved by locals 13-11-2024 14:34 Government bonds are up 151% since Javier Milei won last year’s presidential election, but the foreign share of holdings is down.
MARKETS Argentine debt rises out of distress territory on Milei reforms 28-10-2024 11:36 Prices for some of Argentina’s sovereign notes have soared to their highest levels since they were issued in a 2020 restructuring.
COURT RULING Argentina rejected by UK Supreme Court in US$1.5-billion bond case 15-10-2024 13:34 Negative ruling for Argentina over appeal; Nation may be forced to pay US$1.5 billion in damages to holders of the country’s growth-linked bonds.
ECONOMY – ANALYSIS Milei gets vote of confidence in wave of Argentine debt sales 15-10-2024 11:22 Argentina’s largest companies are rushing to issue dollar debt, a tentative sign that Javier Milei’s shock therapy is starting to restore investor confidence.
ECONOMY – ANALYSIS Pimco, Barings question how soon Argentina can sell bonds again 08-10-2024 13:04 Economy Minister Luis Caputo told investors recently that the government expects to sell bonds abroad again by January 2026. For asset managers, however, that's a long shot.
FINANCE & BUSINESS Broker returns US $10 million in profit from Argentine ghost bonds 18-09-2024 12:05 Max Capital SA has returned nearly US$10 million in profits to the government after exploiting a loophole in a significant debt swap.
Bloomberg Bondholders in Buenos Aires Province question Milei’s resolve 28-05-2024 14:46 Bondholders in Buenos Aires Province are speculating that even Javier Milei isn’t ruthless enough to let the nation’s richest region go bankrupt.
BUSINESS & INVESTMENT Goldman, Stone Harbor wind back Argentina bets after bond rally 08-05-2024 11:49 Investors who rode an eye-popping rally in Argentina’s sovereign debt this year are starting to pull back.
BLOOMBERG City officials to meet investors as Buenos Aires weighs global bond sale 02-05-2024 16:40 Officials from Buenos Aires City government will meet with global investors next week as it explores selling overseas dollar bonds for the first time in eight years.
BLOOMBERG Caputo speech at JPMorgan event helps propel Argentine bonds 18-04-2024 13:18 Argentina won’t lift capital controls until international reserves are high enough to safeguard against a potential currency run, Luis Caputo tells investors.
Bonds La Rioja Province hires advisers as it struggles to pay bonds 27-02-2024 11:40 La Rioja Province hires advisers to negotiate with bondholders in face of “unprecedented economic challenges."
Inflation Banks warn against inflation bonds as price hikes cool 27-02-2024 11:36 Recession forecasts and a shrinking amount of money in circulation, as well as a narrowing gap between Argentina’s exchange rates and cooling inflation expectations, are driving investors to ease off inflation bonds.
MARKETS Latin America’s quasi-sovereign companies attract bond investors 19-02-2024 14:09 State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.
MARKETS Argentina bonds gain as Milei’s rework passes crucial tests 13-01-2024 08:58 Javier Milei capped his first month as president by winning approval from markets, providing a lift for his broader plans to overhaul Argentina’s economy.
MARKETS YPF offers to buy back bonds due in April 05-01-2024 13:47 State-run oil producer YPF SA launches offer to buy back some of dollar bonds due later this year in a bid to reduce short-term debt.
Bopreal securities sale Argentina’s first ‘reconstruction’ bond sale to importers flops 29-12-2023 21:35 Central Bank’s first auction to pay down importers’ debts owed to suppliers abroad flopped Thursday as the monetary authority only sold a fraction of the total it had offered.
economy Milei lifts imports controls in free trade push 28-12-2023 00:27 Government lifts import restrictions as the Central Bank prepares to sell dollar bonds to pay down commercial debt.
MARKETS Argentina bonds rise to two-year high after Milei debuts shock plan 13-12-2023 11:30 Bonds climb to the highest in two years after President Milei’s government unveils first batch of shock-therapy economic measures.
MARKETS Wall Street welcomes Milei victory but warns of challenges ahead 20-11-2023 14:29 Analysts and investors welcome the prospect of radical change in Argentina but warn about deep challenges facing Javier Milei.
MARKETS Argentina investors cheer Milei victory, brace for peso sell-off 20-11-2023 00:37 Investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledge to usher in a radical remake of South America’s second-largest economy.
BLOOMBERG - ANALYSIS Massa-Milei run-off is worst-case scenario for bonds 23-10-2023 20:40 A round-up of commentary about what the Argentina's election, the outcome of the vote and what it means for the markets.
MARKETS Argentina assets brace for sell-off after Massa forces run-off 23-10-2023 08:17 Investors braced for a sell-off after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate.
MARKETS Here are the assets to watch ahead of Argentina’s presidential election 20-10-2023 07:41 Investors in Argentine assets are bracing for losses ahead of Sunday’s presidential election, with uncertainty high as voters grapple with triple-digit inflation and economic gloom. Here are key assets to watch ahead of the vote.
THIRST FOR DOLLARS Argentines’ love of dollars creates a windfall for local brokers 02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.
OIL & GAS Argentina investors see rally in YPF bonds running out of steam 21-09-2023 23:07 Investors saying it’s time to sell bonds from Argentina’s state-run oil driller YPF SA ahead of the presidential elections in October.
ELECTION 2023 Adviser details ‘urgent’ economic measures Milei plans for Argentina 21-09-2023 14:48 Darío Epstein, a top economic adviser to the libertarian presidential candidate, questions latest measures announced by Economy Minister Sergio Massa and details Javier Milei’s plan for government.
BLOOMBERG – ANALYSIS Argentina’s assets to watch before key primary election 10-08-2023 15:20 Argentines will head to the polls in a nationwide primary election on Sunday, with traders watching closely for signs of regime change in the debt-ridden nation mired in yet another economic crisis.
MARKET TURBULENCE Peso drops to all-time low on parallel markets as Massa lays out IMF deal 24-07-2023 19:18 Strong volatility on the markets – while bonds in foreign currency appreciated after the pre-agreement with the IMF and the announcement of foreign exchange measures, the informal currency jumped to a new record. What analysts say. by Lorena Rodríguez
MARKET REACTION Investors say Massa optimism offers brief respite 27-06-2023 08:53 Argentine bonds among biggest gainers in emerging markets after the ruling Peronist bloc coalesced around Economy Minister Sergio Massa.
DEBT SWAP Government hails ‘historic’ seven-trillion-peso debt swap 09-06-2023 20:47 Just under 78 percent of creditors sign up to voluntary debt swap, a measure President Alberto Fernández’s administration described as “very successful.”
BLOOMBERG - ANALYSIS Frantic push to solve sovereign debt crises irks Wall Street 28-05-2023 10:14 A shakeup is brewing in the US$1.6 trillion universe of emerging-market sovereign debt — whether Wall Street likes it or not.
CURRENCY CONTROLS CNV removes loophole with new MEP, CCL restrictions 25-05-2023 16:39 Government tightens ‘cepo’; Officials want to remove loopholes enabling purchasing of cheap dollars on the stock market in order to resell them at a higher price at Central Bank’s expense.
PARAGUAY ELECTIONS Paraguay presidential hopeful has a plan to win investment-grade status 29-04-2023 06:17 Recent polls show a tight race between Efraín Alegre, a career politician leading a coalition of conservatives and leftists, and the ruling Colorado Party’s candidate, Santiago Peña.
COURT RULING Argentina loses US$1.5-billion UK case over GDP-linked bonds 05-04-2023 10:47 Argentina must compensate investors for losses in the country’s growth-linked securities after the nation changed the method of calculating gross domestic product, a London court ruled.
POLITICAL ANALYSIS Massa on fire 25-03-2023 05:01 It’s been clear for some time now that Massa’s plan to resist through Peronist gradualism could reach a limit in terms of how many sources of fresh funds he’ll be able to conjure up. by Agustino Fontevecchia
Bloomberg Argentina's credit rating cut by Fitch on public-sector debt swap 24-03-2023 19:09 Argentina's credit rating has been downgraded by Fitch Ratings to the lowest level above default as the government plans to force state institutions to dispose of their holdings of dollar-denominated bonds.
DEBT PILE Argentina confirms plans to force debt swap on state entities 23-03-2023 17:08 State banks and ANSES social security agency must swap 100% of foreign bond holdings for peso-denominated debt, decree confirms.
LOCAL DEBT PILE Argentina sells US$2 billion in peso debt after ordering bond swap 22-03-2023 21:56 Argentina sells close to 417 billion pesos (US$2 billion) in peso-denominated notes and bonds via auction, latest step in managing a massive local debt pile as the government seeks to extend maturities until after October elections.
Central Bank reserves Government obliges state bodies to convert dollar bonds into pesos 22-03-2023 17:00 State entities are to sell their dollar bonds on the market in return for peso debt bonds issued by the Treasury with the aim of taming surges in the CCL and MEP parallel but legal exchange rates.
MARKETS Bonds slide after government orders public sector sale 22-03-2023 12:17 Argentina’s sovereign-risk spread over US Treasuries widened as many as 126 basis points on Wednesday to almost 2,500, its widest in four months.
Bloomberg Government wants to swap public sector local debt for 2026 bonds 21-03-2023 13:10 Officials want to sell new bonds maturing in 2026 and 2027, lengthening the sovereign debt maturity curve as a way of sending a signal to the private sector to also extend their maturities.
DEBT SWAP OFFER Argentina's officials, analysts disagree on results of debt swap 12-03-2023 08:56 Participation in last Thursday's debt swap may have been less than reported, with government officials and analysts disagreeing on how the results should be counted.
DEBT SWAP Government swaps US$21.7 billion of debt, easing default fear 09-03-2023 23:11 Argentina exchanges 4.34 trillion pesos (US$21.7 billion) in a local debt swap, alleviating immediate concerns of a potential local debt default.
DEBT SWAP Argentina looks to buy time on US$37 billion of maturing debt 09-03-2023 13:27 Argentina is expert at buying itself time to pay off debt that’s coming due, and on Thursday it plans to use its hard-earned skills to delay bond repayments of an estimated US $37 billion until after a presidential election.
DEBT SWAP Argentina to swap peso debt to ease US$35-billion default fear 07-03-2023 11:04 Argentina will give investors the chance to exchange holdings of local debt into new bonds; Government wants to ease fears of a default on US$35 billion of local debt due in second quarter.
DEBT SWAP Argentina to offer local debt swap to ease default fears 06-03-2023 16:46 Government will offer investors chance to swap local debt holdings for new bonds in a bid to calm fears of a default.
Bloomberg Argentina looks to roll over US$1.6 billion of local debt mountain 15-02-2023 11:48 Local debt auction will serve as a final test of local investors' appetite for government peso debt as annual inflation continues to soar.
BLOOMBERG - ANALYSIS Argentina is buckling under strain of US$174-billion debt mountain 10-02-2023 14:36 Cut off from global credit markets, Argentina’s government is selling ever more local currency bonds, amassing a debt load that already totals 33 trillion pesos and is rising almost exponentially.
Debt bond buyback What’s a default? Argentina’s debt buyback splits S&P, Moody’s 27-01-2023 14:35 The world’s most-watched credit assessors are split after Moody’s Investors Service classified Argentina's plan to repurchase its debt in the open market as a distressed exchange.
BOND BUYBACK Argentina’s bond buyback plan sets off Moody’s default alarm 26-01-2023 15:10 Plan to repurchase US$1 billion of overseas bonds meets the definition for a default, according to Moody’s.