News of payment

Argentina's government pays IMF US$370 million in debt interest

04-02-2022 23:20 Argentina on Friday paid US$370 million to the IMF as interest on a US$44-billion debt that was rescheduled late last month, officials said.

IMF DEBT TALKS

Key week for IMF talks: Argentina due to pay US$731 million on Friday

24-01-2022 14:59 With talks failing to make serious headway, Argentina's government must now decide whether it will make a payment on the principal worth US$731 million this Friday.

IMF DEBT TALKS

Argentina will make US$1.8-billion payment to IMF this month

30-11-2021 22:31 Argentina will make a US$1.8-billion payment to Fund on December 18, confirms International Economic Relations Secretary Cecilia Todesca.

VICE-PRESIDENT LETTER

Fernández de Kirchner: Argentina faces 'historic moment of extreme gravity'

28-11-2021 22:46 Vice-President Cristina Fernández de Kirchner says Argentina is going through "a historic moment of extreme gravity" and warns a deal with the IMF will define "the future development" of the nation.

IMF DEBT

Argentina makes US$390-million interest payment to IMF

05-11-2021 01:53 Argentina made a payment of US$390 million Monday to the International Monetary Fund for interest on a US$44-billion loan it is seeking to renegotiate, the government said.

BLOOMBERG – ANALYSIS

Argentines are desperate for dollars as bets on devaluation soar

21-10-2021 14:31 Argentine investors are growing increasingly pessimistic on the peso, betting it’s inevitable the government will be forced to speed up devaluation after November elections.

IMF DEBT TALKS

Argentina made US$1.9-billion IMF payment amid election fallout

22-09-2021 14:26 Argentina transferred the International Monetary Fund US$1.88 billion Wednesday, complying with the first principal payment of record bailout.

DEBT SWAP DEAL

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.