News of bonds

Argentina’s new bonds plunge deep into distressed territory

21-09-2020 17:11 Argentina’s new dollar bonds have plunged back into distressed territory just two weeks after the nation restructured almost US$65 billion in debt.

YPF leads Argentina corporate bond rout on new forex limits

16-09-2020 23:27 Corporate bonds from Argentina posted their biggest decline in six months on Wednesday as a new round of capital controls and government restrictions on access to dollars threatened to provoke a wave of defaults.

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.

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.

Bond traders are already betting on Argentina’s next default

18-08-2020 10:58 In the next few weeks, officials will put the finishing touches on a bond restructuring deal and bring an end to the ninth default in the country’s history. Bond traders are already bracing for the 10th...

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.

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

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."

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.

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.

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.

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.

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.

Argentina loses bid to throw out US$738-million hedge-fund lawsuit

21-07-2020 22:45 Argentina has lost an attempt to dismiss a UK lawsuit filed by four hedge funds alleging that the country manipulated economic data to avoid making payments for securities linked to its growth.

'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."

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.

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. 

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.

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."

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.