Argentina missed payments on around $500 million in already delayed bond coupons on Friday, creditors and a ratings agency said, marking the country's ninth sovereign default amid ongoing restructuring talks with creditors.
BUENOS AIRES - Argentina missed payments on around $500 million in already delayed bond coupons on Friday, creditors and a ratings agency said, marking the country’s ninth sovereign default amid ongoing restructuring talks with creditors.
A source close to the talks and familiar with the government’s thinking separately told Reuters that the two sides were making substantial progress and that a comprehensive deal was possible in a “matter of days, not months”. Argentina’s ambassador to the United States had earlier written in a letter obtained by Reuters that the country would miss the Friday payments given the “prospect of reaching an agreement with its creditors on new terms for their bonds.”
“These are critical times. What’s achieved now will affect the lives of millions of people and will likely have spillover effects on an entire class of assets,” he said.Creditors also have shown signs of flexibility and indicated they are unlikely to take immediate action against Argentina over any default, as long as talks are on the right course.
“The Group welcomes Argentina’s expression of an intent to work with creditors, but actions speak louder than words,” it said. “Over the last month, Argentina has had virtually no substantive engagement with its creditors.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Argentina extends debt talks deadline as default loomsArgentina on Thursday said it would extend a deadline for talks with creditors to restructure around $65 billion in foreign debt to June 2, as the two sides edge closer to a deal needed to avert a messy default that would drag the country deeper into crisis.
Lire la suite »
Argentina extends critical deadline for $65 billion debt talks in bid to avoid defaultIt comes shortly after Argentina's Economy Minister Martin Guzman had hinted there was a 'big chance' the May 22 deadline would be extended.
Lire la suite »
Exclusive: Argentina to amend $65 billion debt offer, talks on 'positive' course - ministerArgentina is planning to amend its offer to creditors to restructure $65 billion in foreign debt, with talks on a positive course despite there being an 'important distance' left to cover, Economy Minister Martin Guzman told Reuters.
Lire la suite »
Argentina looks to rewrite history as default No. 9 loomsBuenos Aires estate agent Esperanza Abondano is feeling the pinch of Argentina's debt crisis as the country inches toward a potential ninth default with a hard deadline for bond payments on Friday and a restructuring deal with creditors still elusive.
Lire la suite »
Comcast Raising $4 Billion In Bond Sale To Refinance Outstanding DebtMedia giant Comcast is selling $4 billion worth of notes and will use the proceeds to pay down existing debt. The company revealed the plans in a pair of SEC filings Wednesday. The parent of NBCUni…
Lire la suite »
AT&T Is Raising $12.5 Billion In Another Bond Sale To Refinance Oustanding DebtWarneMedia parent AT&T is raising $12.5 billion in its second bond sale in a week that it will use to retire outstanding debt. the company said in an SEC filing Friday. It’s selling five …
Lire la suite »