News of payment

Buenos Aires Province scares creditors into accepting bond restructuring

31-08-2021 15:41 La Plata announced Monday that it had managed to restructure almost all its US$7.1 billion of defaulted debt, swapping it for new securities valued at just over 50 cents on the dollar. But some creditors say in practical terms they had no other choice than to accept the deal.

Bloomberg

Creditors now split over Buenos Aires Province's restructuring offer

22-07-2021 15:54 Buenos Aires Province's creditors are now divided over a US$7.1-billion debt restructuring proposal, signalling that Argentina’s largest province still has work to do to emerge from default.

Bloomberg

Buenos Aires Province reaches debt accord with key holders

21-07-2021 11:52 Buenos Aires Province and creditors reach initial agreement to restructure US$7.1 billion of overseas debt, paving the way for region to emerge from default.

ONE-OFF BONUS

83% of pensioners to receive 5,00-peso payment in August

13-07-2021 21:54 ANSES chief Fernanda Raverta announces that more than six million retirees and pensioners will receive a one-off payment next month to compensate for drop in purchasing power.

Bloomberg

Buenos Aires Province's creditors raise lawsuit stakes, add trustee to case

02-07-2021 16:34 Buenos Aires Province's creditors have stepped up their lawsuit against the region after talks failed last month to restructure US$7.1-billion in foreign debt.

DEBT RESTRUCTURING

Buenos Aires Province creditors to review latest debt proposal

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

PRESIDENT IN EUROPE

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.

MEDIA

Latin American newspapers bet on digital subscriptions

26-01-2021 08:52 Latin America's newspapers, affected financially by the migration of readers to the Internet, are betting on subscription modes to secure their future.

Bloomberg

Fintech firm Ualá takes mobile payments to small businesses

06-12-2020 16:59 Ualá, the mobile payments company backed by heavyweight investors, is expanding into merchant services in Argentina, launching a number of services for small businesses.

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

Billionaire-backed Argentine fintech Ualá launches in Mexico

29-09-2020 15:30 Ualá, the mobile payments startup backed by heavyweight billionaire investors George Soros and Steve Cohen, expands beyond Argentina into Mexico.

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.

Coronavirus pandemic

Kicillof says Buenos Aires Province will pay Covid-19 patients to isolate

23-07-2020 11:38 Provincial government will pay citizens with mild cases of coronavirus 500 pesos per day (US$6.97) if they stay for 10 days in government facilities through the 'Acompañar' programme.

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.

Congress

Fernández confirms government will impose one-off wealth tax

03-06-2020 15:09 President says the introduction of a capital levy would be a one-off “extraordinary measure." Lawmakers say bill would boost government coffers by between US$2.5 million and US$4 billion.

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.

Coronavirus pandemic

Huge queues outside banks as they open doors during lockdown

03-04-2020 20:23 For the first time since the nationwide lockdown, retired Argentines and receiving social security payments left their homes in droves as banks reopened their branches.

Football in chaos

South American footballers seek full pay amid coronavirus

02-04-2020 18:03 As players around Europe accept pay cuts amid the coronavirus pandemic, some of their less-well-compensated South American counterparts are fighting for every penny.

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.

Bloomberg

Creditors offered bond swap ahead of key peso debt payment

04-03-2020 16:04 Argentina offers investors a swap that debt for new bonds maturing in 2019, in a move that could allow the government to avoid increasing money supply.

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.

NEW MEASURE

Government confirms 4,000-peso increase for private-sector workers

06-01-2020 10:31 Labour minister announces rise for private-sector workers, with 3,000 pesos falling due with this month’s wage and the rest in February.

SALARIES

Government, firms, unions agree one-off payment for private-sector workers

24-09-2019 09:45 Parties "agree mandatory salary payment of 5,000 pesos for private-sector workers," announces production and labour minister.

News of payment

Buenos Aires Province scares creditors into accepting bond restructuring

Creditors now split over Buenos Aires Province's restructuring offer

Buenos Aires Province reaches debt accord with key holders

83% of pensioners to receive 5,00-peso payment in August

Buenos Aires Province's creditors raise lawsuit stakes, add trustee to case

Buenos Aires Province creditors to review latest debt proposal

Fernández kicks off Europe trip as Paris Club debt payment nears

Buenos Aires Province wants to resume talks with bondholders

Kicillof, bondholders’ old foe, plays default hardball

Buenos Aires Province weighs next steps after creditor lawsuit

Buenos Aires Province sued in US for missed debt payments

Latin American newspapers bet on digital subscriptions

Fintech firm Ualá takes mobile payments to small businesses

Adherence to domestic debt swap deal rises to 99.49%

Billionaire-backed Argentine fintech Ualá launches in Mexico

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

Kicillof says Buenos Aires Province will pay Covid-19 patients to isolate

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

Fernández confirms government will impose one-off wealth tax

Feud with BlackRock escalates as debt talks get heated

Analysts: Buenos Aires Province bondholder offer headed for rejection

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

Ratings agencies downgrade Argentina after payment freeze

Huge queues outside banks as they open doors during lockdown

South American footballers seek full pay amid coronavirus

Pandemic poses perfect storm scenario for Argentine debt

Creditors offered bond swap ahead of key peso debt payment

Fernández praises Guzmán as IMF confirms team will visit next week

Economy Ministry delays payment of AF20 bond principal

Fidelity wins big on Buenos Aires bond payment

Buenos Aires Province sweetens deal for 2021 creditors

Kicillof shows restraint as he takes on creditors once again

Buenos Aires Province asks to delay debt payment

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

Government confirms 4,000-peso increase for private-sector workers

Government, firms, unions agree one-off payment for private-sector workers

Argentina retains quarantine for citizens who travel overseas for work

Sore losers

The global housing market is broken, and it’s dividing entire countries

Argentina’s bonds sink as president swears in new Cabinet

Argentina's stocks rally as opposition gains ground on Fernández

Ultiman detalles del “Plan Recuperación” con subas para jubilados y subsidios al consumo

Pepe Mujica: "Alberto Fernández es mi amigo, por eso lo acompaño en el sentimiento"

Juan José Sebreli: "El fin del populismo permitirá el renacimiento de la Argentina"

Qué dijo Nicolás Trotta en su carta de renuncia al Ministerio de Educación

El gesto de Jaime Perczyk: corrió la Biblia y juró solo sobre la Constitución