End of preview - This article contains approximately 109 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 23 April 2020
In brief: Argentina misses repayment, enters grace period
* Argentina’s government has confirmed that it did not meet the US$500m interest payment due on 22 April on three bonds emitted under international law; and said that it intends to use the 30-day grace period to try to reach a “sustainable” repayment schedule with bondholders. This missed repayment comes after Argentina refused to soften its debt restructuring offer that was rejected by bondholders. In a statement, the economy ministry reaffirmed its intention to honour the country's debts, however, the spread on Argentine sovereign bonds in JP Morgan’s Emerging Markets Bond Index (Embi) rose 240 basis points to 3,857, indicating an increased risk of a default.
- EL SALVADOR: Ministers called to provide evidence over sanitary cordon
- BOLIVIA: MAS demands new election date
- In brief: S&P downgrades Ecuador’s credit rating
- BRAZIL: Federal gov’t presents post-coronavirus plans
- In brief: Brazilian gov’t abandons plans for privatisations in 2020
- In brief: Guatemala hails successful bond placement
- MEXICO: More gov’t austerity to fight pandemic
- In brief: Mexico places historic US$6bn worth of bonds
- PARAGUAY: Second resignation over suspected corruption
- In brief: Argentina misses repayment, enters grace period