Argentina: Economy Minister defends debt rescheduling offer

Salvador The Argentine government has extended the deadline for accepting its debt rescheduling offer to private creditors by three days. Until Monday, the owners of foreign dollar bonds could still accept the offer or submit counter offers, said President Alberto Fernández on Saturday. “The negotiations continue,” he explains on Twitter. “Everything is still open.” Argentina’s […]

Exchange: bondholders counterattack and prepare their counterproposal

In either case these are ideas that improve the first stone position of the debt holders, and accept the criterion of strong interest, light principal and an important extension in the payment time without immediate compensation. However, inevitably, they would imply that Martín Guzmán accepts that his first proposal to creditors must be modified and […]

Argentina presents SEC offer: there are 33 days to avoid falling into default

The official intention is that before that date the negotiation is covered, that the 75% acceptance rate has been achieved, and that, finally, the country does not default. And that, consequently, there is no need to settle the three Global payments. If not, the die will be cast and it will be a decision of […]

Discount time for the proposal to the bondholders

At all times, the Minister of Economy, Martín Guzmán, maintained that he will only make a proposal that is “sustainable” over time, that is, that allows the recovery of the Argentine economy as well as facing debt commitments. This supposes a “substantial effort” on the part of the private creditors according to the words of […]

Creditors believe Alberto Fernández wants a settlement soon

One of the versions that most worries creditors refers to Minister Guzmán being influenced by the negotiating position. “hard” led by the Vice President of the Nation, Cristina Fernández de Kirchner. It is that, Guzmán has begun to maintain a fluid dialogue with the former president. For this reason they took as good news the […]