News of restructuring

Postponement of Paris Club debt payment gives breathing room

23-03-2022 15:39 Argentina's government has secured an extension of an agreement with the Paris Club group of rich nations that allows it to postpone an imminent payment of about US$2 billion.

Argentina extends Paris Club talks over US$2 billion to June 30

23-03-2022 14:02 Argentina reaches an agreement Tuesday with a group of wealthy nations known as the Paris Club to finalise by June 30 a repayment programme on US$2 billion of debt. 

Government and opposition at loggerheads over IMF deal

18-01-2022 16:57 Meeting between government and opposition to discuss talks to restructure multi-billion-dollar debt with the International Monetary Fund fall through, casting doubt over bipartisan support for deal.

How to freak out the IMF, an Argentine story

20-11-2021 11:55 It is difficult to fathom an IMF that will ink a deal with a nation that upholds dual exchange rates, price controls, relentless monetary expansion, and massive energy and utility subsidies in the context of perpetual deficits and extremely high inflation.

by Agustino Fontevecchia

Guzmán discusses IMF debt With US Treasury Secretary Yellen during G20 meeting

10-07-2021 18:53 Economy Minister Martín Guzmán says he had a “valuable” discussion about IMF debt with US Treasury Secretary Janet Yellen.

Paris Club says Argentina has committed to IMF deal by next March

23-06-2021 18:50 The government has committed to reaching an agreement with the International Monetary Fund no later than the end of March as part of an understanding with the Paris Club to avoid default.

Provinces prep inflation-linked bonds forbidden by law

21-05-2021 11:57 Provincial governments, desperate for financing and excluded from international debt markets after defaulting on payments of US$13 billion, are looking for new ways to raise funds in the local bond market.

President Fernández holds 'positive' talks with IMF chief in Rome

14-05-2021 14:16 President Alberto Fernández said Friday he was hoping to renegotiate Argentina's debt "as quickly as possible," after talks with the head of the International Monetary Fund (IMF) in Rome.

Mexico, Argentina urge debt relief for middle-income nations

08-04-2021 11:36 Mexico and Argentina call for international debt relief for middle-income countries home to many of the people pushed into extreme poverty by the coronavirus pandemic; IMF open to doing more to support nations hit hard by virus crisis.

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.

YPF avoids March default with 60% support for key bond swap

12-02-2021 01:11 YPF SA swaps almost 60% of a key bond due in March, saving the company millions of dollars in debt payments and avoiding a costly default next month.

IMF’s woes in Latin America set to grow after Ecuador vote

09-02-2021 17:01 IMF risks having to renegotiate its second multi-billion dollar loan in Latin America in as many years following Ecuador’s presidential election.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

El-Erian: Argentina and Ecuador diverge after bond restructurings

11-10-2020 09:18 A month after finalising historic “zoom” debt restructurings, Argentina and Ecuador find themselves on starkly different paths toward economic and financial improvements.

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.

Investors welcome debt deal amid grim economic outlook

31-08-2020 22:54 Investors are caught between relief over Argentina’s debt deal and concern over the grim economic reality facing the country.

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.

Argentina’s creditors will get better debt deals from provinces

14-08-2020 15:16 National government’s debt restructuring accord was a benchmark, setting a minimum, not a maximum for what investors can expect.