ADRs and dollar bonds gained up to 7.6% after extension of term to restructure debt

It happens after the Ministry of Economy officialized this Friday the extension until June 2 of the term to renegotiate the US $ 66.3 billion of debt securities issued under foreign legislation, with the aim of continuing the dialogue with creditors in search for an agreement. This was done through Resolution 243/2020 published today in […]

$ 7,000 a month for taking a dip during quarantine | Global World Blog

The eccentricities of the wealthy in Singapore, one of the highest-income countries per capita of the planet, they are a known thing of the Asian city-state. To the collections of Lamborghini cars and other prohibitively priced cars – which are usually exhibited by their owners on holidays – and the rental of islands and superyachts […]

The Government approves 7 million euros more in aid for all sectors of culture

EP Updated:05/19/2020 16: 32h save Related news The Council of Ministers has approved aid for “all sectors of culture” for an amount of seven million euros, according to has announced this Tuesday on his Twitter account the Minister of Culture and Sports, José Manuel Rodríguez Uribes. We have just approved in the Council of Ministers […]

The S&P Merval fell 3.7%, but bonds reversed initial drop and flew up to 7.4%

The S&P Merval index of Argentine Stock Exchanges and Markets falls 3.7% to 29,258.10 units, affected by the negative trend of energy and financial actions. At the beginning of the day, it fell to almost 6%. As for the performance of the day, on the losing side, the actions of Banco Macro (-7.1%) and YPF […]

ADRs in a tailspin: they yielded up to 7% and some reached minimums since 2013

“The offer was quickly rejected by the main creditors, which suggests that if there were no improvements, the exchange would have a modest acceptance”, Consultant Elypsis said. “This does not imply that the government tries to avoid this outcome by substantially improving the proposal: after all, an unsuccessful swap would serve to unilaterally impose the […]

Country risk rebounded more than 5%, bonds fell to 7.7% and ADRs sank to 9%

The index produced by the J.P. Morgan advanced 188 points to 3,617 units, while like public securities, Argentine stocks on Wall Street closed with declines of almost 8.8% (BBVA). On Monday, at least three groups of bondholders reported that they could not support the offer made by Argentina and asked to continue negotiating, but asked […]

Shares rise up to 7% and bonds up to 5% after offering to bondholders

The S&P Merval index of the Buenos Aires Stock Exchange rose 2.7% to 38,879 units, after losing 6.21% the day before and accumulating an improvement of 20% in the previous four sessions. Argentina will offer its creditors a 62% interest cut, a three-year grace period and a 5.4% capital drawdown on its foreign debt of […]

The dollar first hit $ 100: CCL and MEP flew $ 7 (gaps, at highs since 2015)

Similarly, the MEP dollar -which arises from the purchase and sale of bonds on the Buenos Aires stock exchange- climbed 7.2% to $ 101.09, because it left a spread of 54.6% with the price that was traded in the MULC (at $ 65.38). Christian Buteler, financial analyst, related the soaring of the stock dollars with […]