News of notes

Argentina officials move to shore up bank support for debt plan

01-07-2024 15:35 Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili sought to shore up support Monday in a meeting with executives from private banks for a monetary policy pivot announced late Friday.

MONETARY POLICY

Milei shifts policy in second phase of Argentina plan

29-06-2024 15:30 Milei administration embarks on second phase of economic plan, announcing it will swap out notes held at the Central Bank for new Treasury debt.

MARKETS

Argentina’s market honeymoon fades as peso pressure builds

05-01-2024 14:35 Investors are anticipating Argentina’s currency to come under increasing pressure weeks after new President Javier Milei devalued it by 54%, a sign that the market is souring on his initial moves.

DEBT SWAP OFFER

Government proposes peso debt swap that may top US$71 billion

05-01-2024 14:30 Argentina’s government is proposing a debt swap to banks in the country that could top US$71 billion for peso notes due this year with the aim of postponing maturities and reducing the financial deficit to zero.

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.

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.

TRANSITION OF POWER

Argentine banks flee to one-day notes amid government transition

24-11-2023 14:34 Banks are fleeing to short-term notes for even more liquid securities as President-Elect Javier Milei’s vague comments on the debt have stoked concern over how he’ll handle the assets.

ELECTIONS 2023 – MARKETS

After US$24-billion wipeout, Argentina’s bonds face election test

16-11-2023 11:12 Holders of some US$65 billion of sovereign debt — including major investors like Pimco, BlackRock and Fidelity — have seen Argentina's bonds haemorrhage in value since 2020. And they know, if history is any guide, that more losses are likely.

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.

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.

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.

ECONOMY

Argentina introduces 2,000-peso banknote

22-05-2023 21:22 Argentina introduces largest-denomination banknote; New 2,000-peso bill put into circulation by Central Bank valued at around US$4 on parallel market and US$8.50 at official rate.

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.

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 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.