News of swap

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

BLOOMBERG

Argentina gives Templeton, Pimco chance to trim peso holdings

09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.

BLOOMBERG

Argentina can avoid a devaluation, says Domingo Cavallo

30-10-2020 14:35 Former economy minister Domingo Cavallo tells Bloomberg in an interview that it’s still possible to avoid a one-off devaluation of the peso.

BLOOMBERG

Argentina’s new bonds plunge deep into distressed territory

21-09-2020 17:11 Argentina’s new dollar bonds have plunged back into distressed territory just two weeks after the nation restructured almost US$65 billion in debt.

DEBT RESTRUCTURING

Argentina exits default after US$65-billion debt deal

07-09-2020 21:53 Nation officially emerges from its ninth default after Standard & Poor's Global raised its credit rating following the restructuring of US$65 billion of overseas debt.

BLOOMBERG

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.

CENTRAL BANK

Central Bank renews currency swap deal with China for another three years

07-08-2020 10:37 Argentina and China formally sign agreement to renew existing swap line worth 130 billion yuan (US$18.7 billion).

BLOOMBERG

Default prompts a Paul Singer sequel in credit default swap decision

27-05-2020 16:30 Paul Singer's investment firm Elliott Management Corp is one of 14 companies that will decide whether credit-default swaps were triggered by last week’s failure to meet a payment deadline.

EDITORIAL

Debt be not proud

09-05-2020 08:32 All too many people seem to think that there is nothing to lose with default, given the absence of any overseas credit or investment, but even in these desperate times anything would be better.

Debt restructuring

Argentina pushes forward 311 billion pesos with latest swap

20-03-2020 18:37 Alberto Fernández administration managed to swap a debt of 311 billion pesos, reducing short-term domestic obligations while renegotiating the foreign debt with creditors.

Bloomberg

Argentina’s largest peso swap in a decade may lead to new snub

18-03-2020 18:08 Analysts warn that Argentina's largest peso-denominated debt swap since 2005 may not attract sufficient investor support.

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.

Bloomberg

Peso to weaken against dollar even more, says top forecaster

16-01-2020 07:44 Analyst predicts peso may reach 100 per greenback by end of the year – a 40 percent decline from the official rate now.

Bloomberg

Investors stuck in Argentina rush to local corporate bond market

11-10-2019 10:34 Foreign investors are starting to flock to Argentina’s usually sleepy local corporate-bond market, desperate to reinvest cash stuck in the country due to recently imposed capital controls.

Bloomberg

Argentine bondholders pull out old guidebook to flee country

08-09-2019 08:55 “Many investors thought Argentina was on its way to becoming Chile or Colombia – stable, investment grade,” said Leo Chialva, a partner at Buenos Aires-based consulting firm Delphos Investment. “Those large funds are horrified by the latest measures.”