by Amruth Sundarkumar | Sep 7, 2021 | Sovereign Bonds
The Argentine Province of Buenos Aires (PBA) has been upgraded to CCC+ from SD with a stable outlook after it completed the exchange of 97.7% of its total debt of $7.2bn on September 3. The province has managed to restructure nine out of proposed eleven bonds with the...
by Megha Malhotra | Sep 1, 2021 | Financial News, Sovereign Bonds
Argentina province Buenos Aires confirmed having reached an agreement of the restructuring of almost all of its $7.1bn of defaulted debt, swapping new securities valued at just over 50 cents on the dollar. Some creditors criticized the province stating that a better...
by Megha Malhotra | Aug 27, 2021 | Sovereign Bonds
Argentinian province of Buenos Aires claims to have reached an agreement with investors holding more than 90% of its bonds to restructure more than $7bn of its debt, bringing it closer to recover from a 16-month default. The province has been in protracted...
by Amruth Sundarkumar | Jul 23, 2021 | Sovereign Bonds
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...
by Amruth Sundarkumar | Jul 22, 2021 | Sovereign Bonds
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...
