by Amruth Sundarkumar | Jan 19, 2023 | Sovereign Bonds, Sovereigns
Argentina’s dollar bonds were higher by over 1 point across the curve after the nation said it planned to repurchase about $1bn of debt. Their Economy Minister Sergio Massa said that they plan to buy some of its 2029s and 2030s. Bloomberg cites sources noting...
by Amruth Sundarkumar | Oct 31, 2022 | Sovereign Bonds, Sovereigns
Argentina’s Economy Minister Sergio Massa said that the country has reached an agreement with the Paris Club regarding $2bn of its outstanding debts. This agreement would help Argentinian firms to access credit from European institutions, he said. As per a...
by Amruth Sundarkumar | Oct 27, 2022 | Credit Ratings, Sovereign Bonds, Sovereigns
Argentina was downgraded to CCC- from CCC by Fitch on the back of several factors. Fitch believes that the nation’s external liquidity position is weak and even its local-currency repayment capacity stands compromised. Its forex reserves have been under pressure...
by Amruth Sundarkumar | Jun 23, 2022 | Sovereign Bonds, Sovereigns
Argentina’s sovereign bonds dropped to record lows, continuing its 2 week descent. Their dollar bonds due 2030 have slipped to ~23.5 cents on the dollar, the lowest since its issuance two years ago. Based on a JPMorgan index, spreads over the US Treasury yields have...
by Amruth Sundarkumar | Jun 9, 2022 | Sovereign Bonds, Sovereigns
The IMF has reached a staff level agreement with Argentina regarding an updated macroeconomic framework. The agreement would allow the troubled nation to access $4.03bn in funds from the multilateral lender. The IMF said that targets relating to “the primary...
