News of bonds

Bond chaos in Argentina sparks traders’ rush to provincial notes

25-04-2022 15:36 Investors are snapping up securities issued by the provinces of Córdoba, Neuquén, Mendoza and Chubut, turning them into the nation’s top performers this month.

BLOOMBERG

YPF leads emerging-market bond gains

31-03-2022 13:29 Only 14 months ago YPF was a nightmare for investors. Now, the state-run oil company is producing the best fixed-income returns in all of emerging markets.

BLOOMBERG

Argentina's IMF deal fails to revive bonds stuck around 30 cents

29-03-2022 16:56 Argentina's bonds maturing in 2035 are little changed since President Alberto Fernández’s administration reached an agreement with IMF.

PARIS CLUB DEBT

Postponement of Paris Club debt payment gives breathing room

23-03-2022 15:39 Argentina's government has secured an extension of an agreement with the Paris Club group of rich nations that allows it to postpone an imminent payment of about US$2 billion.

DEBT RESTRUCTURING

Argentina extends Paris Club talks over US$2 billion to June 30

23-03-2022 14:02 Argentina reaches an agreement Tuesday with a group of wealthy nations known as the Paris Club to finalise by June 30 a repayment programme on US$2 billion of debt.

IMF DEBT DEAL

Congress greenlights debt deal – ball now in IMF’s court

18-03-2022 21:46 US$45-billion agreement signed into law by president; Deal now needs approval by IMF’s Executive Board.

BLOOMBERG

Argentina’s bonds slump below 30 cents on doubts over IMF deal

21-01-2022 18:18 Argentine bonds are testing new lows as concern grows that the government will struggle to reach a refinancing deal with the International Monetary Fund before large payments come due in March.

Bloomberg

Argentine traders bail on devaluation bets, buy inflation bonds

19-01-2022 14:53 Traders are rapidly scaling back purchases of local dollar bonds and instead are plowing money into inflation-linked bonds, a better haven as they see it as consumer prices soar at an annual pace of more than 50 percent.

BLOOMBERG

Argentine warrants more than double after ruling favours Aurelius

03-12-2021 01:27 US court rules Argentina will be required to show how it calculated statistics at the centre of a legal battle between the country and hedge fund Aurelius Capital Management LP.

IMF DEBT TALKS

Argentine officials travel to Washington for IMF talks

02-12-2021 16:15 A technical mission team with officials from Argentina's Economy Ministry and Central Bank will travel to Washington on Saturday to meet with representatives from the International Monetary Fund.

BLOOMBERG

Argentina’s dollar bonds slip to eight-month low on wait for economic plan

25-11-2021 15:23 Argentina's dollar bonds trade at an eight-month low. Slide comes just days after investors cheered outcome of midterm elections.

ELECTIONS 2021: REACTION

Argentina's bonds climb as president promises new plan after vote

15-11-2021 12:32 Bonds gain after voters rejected the government’s handling of the economy in midterm elections and President Alberto Fernández promised to cooperate with opposition lawmakers on a new agenda.

BLOOMBERG – ANALYSIS

Argentina investors got election wish, then got hammered anyway

04-10-2021 10:01 Argentina’s primary election went just the way investors wanted, but since then bonds have taken a nose dive.

Bloomberg

Argentina looks to mutual funds for additional local funding

02-10-2021 08:18 Argentina took a new step on Friday to boost its local financing options in pesos as the midterm elections approach.

MARKETS

Argentina’s bonds sink as president swears in new Cabinet

20-09-2021 15:55 Argentina’s dollar bonds and US-traded equities slid on Monday, with the local benchmark index posting the worst returns among indexes in the Americas.

MARKET REACTION

Argentine bonds, stocks gain after vote signals change ahead

13-09-2021 21:00 Prices for the government’s most traded dollar-denominated bond jumped almost four percent to the highest since January, while the cost to insure its debt against default fell to a three-week low. The Global X MSCI Argentina exchange-traded fund added 2.2 percent.

BLOOMBERG

Bonds rally on opposition gains in primary vote

13-09-2021 11:22 Argentine bonds rose on Monday morning after opposition candidates performed better than expected in the PASO primary elections.

BLOOMBERG

Buenos Aires Province to restructure 98% of bonds in debt deal

30-08-2021 16:04 Deal caps Argentina’s most recent round of debt restructurings, after nearly every province reached deals with bondholders over the past 12 months and the national government restructured its own US$65 billion in securities a year ago.

BLOOMBERG

In oddball Argentina, provinces seen as safer than sovereign

23-08-2021 13:10 Over the past three months, overseas bonds issued by provinces have handily outperformed sovereign counterparts, cementing their status as the preferred choice for investors.

BLOOMBERG

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.

IMF debt

Argentina makes US$334-million interest payment to IMF

02-08-2021 18:57 Argentina makes US$334-million interest payment to the International Monetary Fund.

Bloomberg

Argentina’s pension fund piles on company bonds as locals baulk

26-07-2021 09:56 ANSES buys long-term corporate debt with eye on infrastructure; Public fund must invest US$2 billion by end of 2023.

Bloomberg

Yields topping 14% lure investors to world’s best utility bond

14-07-2021 10:14 The world’s best performing utility bonds come from an unlikely corner of emerging markets – Argentina.

BLOOMBERG

Argentina slows peso devaluation in an attempt to curb inflation

01-07-2021 07:55 Policy makers see slower peso depreciation, managed by the Central Bank in a so-called 'crawling peg,' as a key tool to curb rising inflation expectations.

DEBT TALKS

Paris Club says Argentina has committed to IMF deal by next March

23-06-2021 18:50 The government has committed to reaching an agreement with the International Monetary Fund no later than the end of March as part of an understanding with the Paris Club to avoid default.

DEBT TALKS

Guzmán confirms Argentina has reached deal with Paris Club

22-06-2021 18:04 Economy Minister Martín Guzmán confirms Argentina had reached an agreement with the Paris Club of creditor countries to avoid defaulting on a loan repayment in July.

DEBT TALKS

Argentina plans partial payment to Paris Club, averting default

22-06-2021 16:26 Government will make a partial payment to Paris Club group of creditors to avert default.

DEBT TALKS

Argentina to use Paris Club grace period to further debt talks

31-05-2021 11:04 Government to hold off on US$2.4-billion debt payment with Paris Club due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert default.

Bloomberg

Provinces prep inflation-linked bonds forbidden by law

21-05-2021 11:57 Provincial governments, desperate for financing and excluded from international debt markets after defaulting on payments of US$13 billion, are looking for new ways to raise funds in the local bond market.

DEBT TALKS

Paris Club to spare Argentina from US$2.4-billion debt default

14-05-2021 13:58 Group of major creditor nations willing to delay US$2.4-billion debt payment from Argentina due this month if the Fernández administration agrees to certain conditions.

BLOOMBERG – ANALYSIS

Six sovereign defaults in 13 months roil Latin American markets

13-05-2021 10:21 Sovereign bond defaults have piled up at a dizzying clip in Latin America since the coronavirus pandemic began.

International Monetary Fund

Alejandro Werner, IMF director for Americas, to retire

28-04-2021 17:37 Alejandro Werner, director of the Western Hemisphere Department of the International Monetary Fund, to retire in August.

Bloomberg

Argentina seeks Paris Club deal amid IMF talks, Guzmán says

18-04-2021 22:18 Argentina is pressing the Paris Club to renegotiate debt as separate talks to strike a deal with the International Monetary Fund drag on, says Economy Minister Martín Guzmán.

IMF debt talks

IMF official says timing of new debt deal depends on Argentina

16-04-2021 13:55 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

BLOOMBERG

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

IMF DEBT TALKS

Guzmán: IMF credit line deal will not be finalised before May

05-04-2021 10:28 Economy Minister Martín Guzmán says a plan with the International Monetary Fund to repay US$45 billion in debt won’t be finalised by May or June.

IMF DEBT TALKS

President Fernández calls to extend IMF payment period

28-03-2021 16:03 President Alberto Fernández called on the IMF to extend the repayment period on the nation’s debt facility beyond 10 years – something the Fund doesn't allow.

IMF DEBT TALKS

‘Close dialogue’ with Argentina continues, says IMF chief Georgieva

24-03-2021 11:27 IMF managing director shares “good meeting” with Economy Minister Martín Guzmán, says “close dialogue” between parties will continue.

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.

EDITORIAL

Forecasts and forebodings

13-03-2021 09:21 Improved fiscal solvency meets the dream of every orthodox economist but puffing up an already excessive tax burden would make the cure worse than the disease.

BLOOMBERG

Argentina CPI-linked bonds fall on possible change to basket

09-03-2021 13:48 Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, INDEC, plans to modify the basket it uses to measure inflation.

BLOOMBERG

As IMF talks bog down, Argentine bonds plunge toward 30 cents

08-03-2021 13:51 Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar.

IMF DEBT RESTRUCTURING

Government considers using new IMF reserves for loan payment

26-02-2021 16:58 Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge.

IMF DEBT TALKS

IMF: Argentine team expected to hold loan talks in mid-March

25-02-2021 18:22 Economy Minister Martín Guzmán will visit Washington in mid-March, confirms IMF spokesperson Gerry Rice.

IMF DEBT TALKS

IMF official: Argentina deal by May is an ambitious timeline

08-02-2021 22:11 IMF Western Hemisphere Director Alejandro Werner says May target for new financing programme is "clearly ambitious," though not "unviable."

YPF DEBT

YPF stuns creditors as nation’s dollars dwindle

23-01-2021 10:15 State energy company’s plan to saddle creditors with losses in a debt exchange leads to frantic unloading of shale driller’s bonds.

IMF DEBT TALKS

President Fernández holds talks with IMF chief Georgieva

22-01-2021 02:25 The government is hoping to renegotiate repayments on a US$44-billion loan granted to the Mauricio Macri administration by the Fund in 2018.

Bloomberg

Oaktree, BlackRock are among YPF creditors organising

18-01-2021 17:25 Investment firms including Oaktree Capital Management and BlackRock Inc are organising into two groups to negotiate with YPF SA after the state oil producer proposed a debt swap that would saddle them with losses.

IMF DEBT TALKS

Guzmán expects new program with IMF in March or April 2021

10-12-2020 02:11 Economy Minister Martín Guzmán says talks with the IMF will still "take a while," hinting a deal would be likely in March or April next year.

economy

Government officials to meet IMF in Washington in 'coming days'

04-12-2020 13:07 Government officials will meet with staff from the International Monetary Fund (IMF) soon to continue talks on a new aid programme, a Fund spokesman said Thursday.

News of bonds

Bond chaos in Argentina sparks traders’ rush to provincial notes

YPF leads emerging-market bond gains

Argentina's IMF deal fails to revive bonds stuck around 30 cents

Postponement of Paris Club debt payment gives breathing room

Argentina extends Paris Club talks over US$2 billion to June 30

Congress greenlights debt deal – ball now in IMF’s court

Argentina’s bonds slump below 30 cents on doubts over IMF deal

Argentine traders bail on devaluation bets, buy inflation bonds

Argentine warrants more than double after ruling favours Aurelius

Argentine officials travel to Washington for IMF talks

Argentina’s dollar bonds slip to eight-month low on wait for economic plan

Argentina's bonds climb as president promises new plan after vote

Argentina investors got election wish, then got hammered anyway

Argentina looks to mutual funds for additional local funding

Argentina’s bonds sink as president swears in new Cabinet

Argentine bonds, stocks gain after vote signals change ahead

Bonds rally on opposition gains in primary vote

Buenos Aires Province to restructure 98% of bonds in debt deal

In oddball Argentina, provinces seen as safer than sovereign

Debt rollover flops as investors eye midterms

Argentina makes US$334-million interest payment to IMF

Argentina’s pension fund piles on company bonds as locals baulk

Yields topping 14% lure investors to world’s best utility bond

Argentina slows peso devaluation in an attempt to curb inflation

Paris Club says Argentina has committed to IMF deal by next March

Guzmán confirms Argentina has reached deal with Paris Club

Argentina plans partial payment to Paris Club, averting default

Argentina to use Paris Club grace period to further debt talks

Provinces prep inflation-linked bonds forbidden by law

Paris Club to spare Argentina from US$2.4-billion debt default

Six sovereign defaults in 13 months roil Latin American markets

Alejandro Werner, IMF director for Americas, to retire

Argentina seeks Paris Club deal amid IMF talks, Guzmán says

IMF official says timing of new debt deal depends on Argentina

Argentina’s peso mess is delivering windfall profits to brokers

Guzmán: IMF credit line deal will not be finalised before May

President Fernández calls to extend IMF payment period

‘Close dialogue’ with Argentina continues, says IMF chief Georgieva

Debt restructuring talks for Buenos Aires Province stall

Forecasts and forebodings

Argentina CPI-linked bonds fall on possible change to basket

As IMF talks bog down, Argentine bonds plunge toward 30 cents

Government considers using new IMF reserves for loan payment

IMF: Argentine team expected to hold loan talks in mid-March

IMF official: Argentina deal by May is an ambitious timeline

YPF stuns creditors as nation’s dollars dwindle

President Fernández holds talks with IMF chief Georgieva

Oaktree, BlackRock are among YPF creditors organising

Guzmán expects new program with IMF in March or April 2021

Government officials to meet IMF in Washington in 'coming days'

UK Prime Minister Johnson defies calls to quit over lockdown-breaking parties

Pesos get political with new bills featuring ‘national heroes and heroines’

Argentina moves closer to joining BRICS group

Government relaxes FX rules for companies to boost Vaca Muerta development

'Nightmare' as gunman murders 19 children, two teachers in Texas

Cristina Kirchner, Mandela y la Madre Teresa, en un álbum histórico de la reina Isabel II

La salud del papa Francisco: un importante nombramiento agita el fantasma de la dimisión

Más que "segundo tiempo", Macri ha instalado "la revancha"

A 50 años del día que cambió la historia de la homosexualidad

Luis Juez lapidó a la Corte por el caso de la fiscal Goyeneche: “Si tuviera un poco más de huevos, podría intervenir”