News of securities

As devaluation talk swirls, Argentine traders rush into new bond

02-11-2020 19:18 Amid fears of a steep devaluation, traders in Argentina are falling over themselves to snap up local government notes that are linked to the US dollar.

BLOOMBERG

YPF leads Argentina corporate bond rout on new forex limits

16-09-2020 23:27 Corporate bonds from Argentina posted their biggest decline in six months on Wednesday as a new round of capital controls and government restrictions on access to dollars threatened to provoke a wave of defaults.

DEBT RESTRUCTURING

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.

BLOOMBERG – ANALYSIS

Argentina makes opening move in debt talks

17-04-2020 01:12 The highlights: a three-year moratorium, a 62 percent reduction in interest payments and a five-percent cut in the value of the principal.

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.

Bloomberg

SoftBank’s Son bets on himself with US$7.4-billion pledge

24-03-2020 18:38 Masayoshi Son’s stake in the Japanese conglomerate has risen to 26.9 percent from 25.5 percent. With SoftBank’s shares gyrating wildly, he also pledged more stock against his holdings.

EMERGING MARKETS

Argentine bonds returned 9.6% in February despite virus

28-02-2020 16:49 Argentine bonds lead the way with 9.6% returns among risky sovereign securities of emerging markets in February, thanks to the rate cuts of the Central bank and despite the financial instability caused by Coronavirus.

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.