End of preview - This article contains approximately 157 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 10 September 2020
In brief: First issue of local bonds since debt restructuring in Argentina
* Argentina’s economy ministry has announced the initial results of its first sale of peso-denominated bonds, issued under local law, since the conclusion last week of its high-profile restructurings of local and international-law debt. The treasury raised Ar$84.56bn (US$1.13bn) in the first of three such sales scheduled for September, in what the economy ministry described as an attempt to continue with its “normalisation agenda”, and with efforts to build a local debt market in Argentine pesos. In a report, local brokerage Portfolio Personal Inversiones (PPI) noted that Argentina is obliged to pay some Ar$202bn this September – 95% in short-term bonds, and 5% in interest payments on existing bonds. The treasury, PPI continued, will seek to pay this debt with the money raised through these local bond sales. The next bond issues are earmarked for 16 and 28 September. In a separate report, PPI noted that investor appetite for the initial sale was encouraging.
- COLOMBIA: Police killing sparks massive protests
- In brief: Ecuador’s legislature urged to approve IMF credit agreement
- BRAZIL: Gov’t suspends rice tariffs as rising food prices cause concern
- In brief: Uncertainty over Brazil’s UK exports due to Brexit
- PANAMA: Tensions with Spain’s FCC rise over contract cancellation
- In brief: BCIE renews credit line with Nicaragua
- MEXICO: Former health ministers urge change in strategy
- In brief: BBVA Bancomer pays US$150m in delayed tax in Mexico
- ARGENTINA: Fernández takes questionable action to address police protest
- In brief: First issue of local bonds since debt restructuring in Argentina