BUENOS AIRES—Argentina’s government said Wednesday that it will look to restructure its debt with the International Monetary Fund and bondholders in an effort to stem a crisis of confidence Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis. Some of Argentina’s biggest bondholders say they are ready to negotiate with the incoming government led by Alberto Fernández over roughly $50bn they are owed in sovereign debt, but warn that Creditors (many of them private citizens in Spain, Italy, Germany, Japan, the United States, and other countries, who had invested their savings and retirement pensions in debt bonds) denounced the default; this included bondholders from Argentina itself, estimated to compose about a fourth of affected bondholders. Argentina’s bondholders are braced for steep losses when the government attempts to tackle its $101bn debt burden after downbeat meetings with IMF officials and associates of Alberto Fernández
The holdout bondholders found themselves unable to seize Argentine sovereign assets in settlement, but realized that
Argentina is battling to restructure its debts to avoid defaulting on around $100 billion in loans and bonds - including to the IMF - after a biting recession, high inflation and a market crash The International Monetary Fund (IMF) warned Argentina‘s bondholders on Wednesday that they would likely need to incur losses on their investment to help resolve the country’s “unsustainable” debt burden.. The IMF, wrapping up a week-long visit to Argentina, said rising public debts meant the country needs a definitive plan to restore debt sustainability, which would require a Some of Argentina ’s biggest bondholders say they are ready to negotiate with the incoming government led by Alberto Fernández over roughly $50bn they are owed in sovereign debt, but warn that too (Bloomberg) -- Some of Argentina’s largest creditors are forming a bondholder group as South America’s second-largest economy teeters on the edge of default. Money managers including BlackRock Inc. and Fidelity Investments launched a committee focused on the nation’s sovereign debt, according to people familiar with the matter. Break with the IMF" in Buenos Aires, Argentina, on Tuesday. MATIAS BAGLIETTO/REUTERS BUENOS AIRES－The International Monetary Fund on Wednesday called Argentina's debt "unsustainable" and said bondholders in negotiations with the South American country would need to make a meaningful contribution to help resolve the crisis. On Friday, the country paid $9.4 billion to 220 “holdout” bondholders, a settlement expected to allow Argentina to leave the list of global deadbeats and regain access to the cheap credit. Soon, farmers such as Caceres, shop owners and auto parts makers will all be paying less Argentina also issued a GDP warrant or ‘GDP kicker’ which amounted to a promise that if Argentina’s GDP performed better than it was projected to, bondholders would receive an extra payment, though the payment was capped at a certain amount.
22 Oct 2019 Argentina's bondholders are braced for steep losses when the government attempts to tackle its $101bn debt burden after downbeat meetings
3 Dec 2019 For almost two years, Argentina has been facing a severe economic recession and imposed a 73 percent haircut on sovereign bondholders.
Argentina’s bondholders are braced for steep losses when the government attempts to tackle its $101bn debt burden after downbeat meetings with IMF officials and associates of Alberto Fernández
Argentina bondholders will face haircut: Fitch. Tom Arnold. 3 Min Read. LONDON (Reuters) - Fitch Ratings expects holders of Argentina dollar bonds to have to write off part of their investments Argentina will make an offer to creditors for the restructuring of its public debt in the second week of March, according to a timeline of the process released by the government late on Wednesday. Argentina is battling to restructure its debts to avoid defaulting on around $100 billion in loans and bonds - including to the IMF - after a biting recession, high inflation and a market crash The International Monetary Fund (IMF) warned Argentina‘s bondholders on Wednesday that they would likely need to incur losses on their investment to help resolve the country’s “unsustainable” debt burden.. The IMF, wrapping up a week-long visit to Argentina, said rising public debts meant the country needs a definitive plan to restore debt sustainability, which would require a
23 Nov 2019 Several factions of Argentina's bondholders are jostling for influence ahead of restructuring talks with incoming president Alberto Fernandez as
LONDON/BUENOS AIRES, Dec 17 (Reuters) - A group of around 80 of Argentina's bond holders have formally set up a creditor group, according to a statement on Tuesday, ahead of debt restructuring International Monetary Fund just gave Argentina the backing it needed to hit its bondholders with a significant haircut. Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis. Martin Guzman warned (Bloomberg) -- For all their turbulent relationship over the decades, the International Monetary Fund just gave Argentina the backing it needed to hit its bondholders with a significant haircut. BUENOS AIRES—Argentina’s government said Wednesday that it will look to restructure its debt with the International Monetary Fund and bondholders in an effort to stem a crisis of confidence Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis.