BUENOS AIRES - Argentina has decided to postpone a $1.47 billion principal payment on the country’s AF20 bond until Sept. 30, the economy ministry said on Tuesday, potentially complicating a wider debt restructuring program.
“It is a unilateral decision by the debtor, and not a move that creates goodwill in the market,” said Goldman Sachs emerging markets analyst Alberto Ramos. It was originally issued for an amount equivalent to $1.64 billion. On Feb. 4 the government swapped $164 million of the bond for three instruments due in 2021.
Tuesday’s announcement also came on the eve of talks with Argentina’s biggest creditor, the International Monetary Fund, over the government’s strategy for getting out of recession. That strategy starts with re-negotiating IMF loans and sovereign bonds.
JacobShap This is the least surprising news of all time
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
David Byrne’s ‘American Utopia’ Sets House Record Of $1.4M; Broadway Box Office Hits $27MHeading into the final stretch of its limited Broadway run, David Byrne’s American Utopia set a box office house record at the Hudson Theatre, grossing $1,416,344 for the week ending February 9. Th…
Source: DEADLINE - 🏆 109. / 63 Read more »
Deutsche Bank to issue at least $1 billion in AT1 securitiesDeutsche Bank said on Monday it would issue at least $1 billion in Additional Ti... To Trump? Where are donald's tax returns? ArnoWellens
Source: Reuters - 🏆 2. / 97 Read more »
WeWork chairman says it's 'totally false' that ousted CEO Adam Neumann left with $1 billionWeWork Executive Chairman Marcelo Claure said that Neumann didn't walk away with the over $1 billion package that was estimated. Any investors in this company need to just jet. Their product has no barriers to entry (OPP, 'other people's property') or exit (ST leases to outsource cos). Thanks for the great idea WeWork we'll (landlords) will take it from here... Altogether it was more than that! it was more
Source: CNBC - 🏆 12. / 72 Read more »
These are the 5 hedge fund managers who took home more than $1 billion last year | Markets InsiderThe top 15 hedge fund managers collectively earned $12 billion in 2019, with the top five taking in more than $1 billion each, according to Bloo...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Deal reached to cut bankrupt Puerto Rico's debt by $24 billionPuerto Rico would shed about $24 billion of debt and move closer to exiting bank...
Source: Reuters - 🏆 2. / 97 Read more »
Trump Wants To Spend Your Student Debt Forgiveness On The Border Wall InsteadTrump's plan is to increase funding for the southern border wall and cut programs like Medicaid, housing assistance, and student loan forgiveness programs Get him out of office now.. See what he's doing..
Source: MTVNEWS - 🏆 479. / 51 Read more »