News of debt payment

Buenos Aires Province creditors to review latest debt proposal

02-06-2021 16:32 Provincial government sends revised debt restructuring proposal to major creditors.

Fernández kicks off Europe trip as Paris Club debt payment nears

10-05-2021 10:04 Argentina has reportedly asked the Paris Club to allow it to delay upcoming US$2.4-billion payment, due at the end of May, until it has reached an agreement with the International Monetary Fund.

Bloomberg

Buenos Aires Province wants to resume talks with bondholders

26-04-2021 16:34 Five weeks after being sued by creditors in a New York court, Buenos Aires Province says it is ready to return to the negotiating table.

BLOOMBERG – ANALYSIS

Kicillof, bondholders’ old foe, plays default hardball

30-03-2021 11:27 Axel Kicillof relished clashing with foreign investors when serving as economy minister. Today, as governor of Buenos Aires Province, he's again locked in a bruising battle with financiers in New York and London.

BLOOMBERG

Buenos Aires Province weighs next steps after creditor lawsuit

26-03-2021 16:48 Officials say Argentina's largest province is considering what steps to take next to restructure its debt after a group of bondholders sued the province in US courts for more than US$366 million.

DEBT WOES

Buenos Aires Province sued in US for missed debt payments

23-03-2021 18:56 Creditors submit a legal claim against the province of Buenos Aires in the US District Court for the Southern District of New York.

DEBT RESTRUCTURING

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 %.

BLOOMBERG

Government wants Buenos Aires Province to be first to seal debt deal

10-08-2020 16:39 Casa Rosada wants Buenos Aires Province to be the first to resolve debt restructuring talks, according to sources, denying creditors chance to demand better conditions.

DEBT RESTRUCTURING

Argentina eases local dollar debt burden with US$5-billion swap

19-07-2020 08:53 Large number of exchanged dollar maturities underscores the success of recent government efforts to restore confidence in the local debt market.

DEBT RESTRUCTURING

Feud with BlackRock escalates as debt talks get heated

16-05-2020 10:53 The govenrment’s debt restructuring talks with foreign creditors are getting heated, and one Wall Street firm – BlackRock Inc – is a big part of the reason why.

BLOOMBERG

Analysts: Buenos Aires Province bondholder offer headed for rejection

24-04-2020 17:08 Proposal by Argentina’s largest province to restructure US$7 billion of international debt draws immediate criticism from analysts.

DEBT RESTRUCTURING

Bonds gain after debt restructuring proposal, but some investors left cold

18-04-2020 08:50 Markets and analysts react as Economy Minister Martín Guzmán asks bondholders to accept three-year grace period, cut of 62% on bond interest and 5.4% on debt capital.

RATINGS AGENCIES

Ratings agencies downgrade Argentina after payment freeze

07-04-2020 23:03 S&P adjusted Argentina's rating to "selective default" on Tuesday, after government freeze payments on dollar-denominated debt under local law. Move follows in the footsteps of downgrades from Fitch and Moody's.

Debt talks & Covid-19

Pandemic poses perfect storm scenario for Argentine debt

16-03-2020 08:05 The global downturn, and the crisis caused by the coronavirus, could yet strangely benefit Argentina, according to some economists.

MISSION TEAM

Fernández praises Guzmán as IMF confirms team will visit next week

28-02-2020 13:52 International Monetary Fund confirms it will send a mission team to Buenos Aires again next week to continue auditing public accounts.

RESTRUCTURING

Economy Ministry delays payment of AF20 bond principal

11-02-2020 17:07 Economy Ministry, headed by Martín Guzmán, slams "speculation" in fierce statement, saying it would not allow "Argentine society" to be "held hostage by international financial markets."

Delaying Debt

Fidelity wins big on Buenos Aires bond payment

05-02-2020 12:25 Buenos Aires Province avoids immediate default by agreeing to use money from its coffers to make a principal debt payment, Kicillof says.

Deadline approaches

Buenos Aires Province sweetens deal for 2021 creditors

27-01-2020 17:27 In exchange for pushing back the deadline on a US$250-million principal payment, investors would get paid interest on those funds, according to the offer revealed Monday.

Bloomberg

Kicillof shows restraint as he takes on creditors once again

16-01-2020 15:45 Governor delivers tough message to bondholders, as Buenos Aires Province asks creditors to accept delay onUS$250-million principal payment due January 26.

Bloomberg

Buenos Aires Province asks to delay debt payment

14-01-2020 08:06 Axel Kicillof's provincial government asks bondholders of its 2021 notes to delay a principal payment due later this month, as national government's talks with creditors gear up.

BLOOMBERG

Buenos Aires Province debt talks slam one of world’s best bonds

09-01-2020 21:54 Buenos Aires Province’s plan to seek talks with creditors ahead of a debt payment due this month has torpedoed one of the world’s best bond rallies.