More Details Emerge on Buenos Aires Restructuring
After Argentine Province Buenos Aires reached a breakthrough agreement with GoldenTree Asset Management to restructure $7bn of its international debt, Government House in La Plata explained that the new proposal matched the terms that GoldenTree agreed upon. An...
Buenos Aires Dollar Bonds Jump on Breakthrough Talks with Creditors
Argentina province Buenos Aires announced that it had finally struck a breakthrough agreement in the lengthy negotiations with its main creditor GoldenTree Asset Management and other bondholders for the restructuring of $7bn of its international debt. Buenos Aires...
Sri Lanka’s Bond Move Higher; Central Bank Plans to Acquire $650-700mn from Forex Surrenders
Sri Lanka’s dollar bonds moved higher by ~3% on Monday, stemming some of its losses in the prior weeks. Director of Economic Research in Sri Lanka’s central bank, Chandranath Amasekara said that the central bank was planning to acquire up to $600-$700mn a year from...
Argentina Advances IMF Talks; Breakthrough Unlikely
Argentina is in talks with the IMF in Venice to discuss the $45bn debt it owes to the Fund, however, a breakthrough to revamp the debt is not expected. Officials including Economy Minister Martin Guzman took part in the meeting of the G20 finance ministers and...
