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Strong rise in Argentine bonds on Wall Street after US support and details of the negotiations

2020-02-07T15:02:31.472Z


Dollar titles advanced to 3.5%.


02/07/2020 - 11:51

  • Clarín.com
  • Economy
  • Economy

After the meeting held on Thursday by the brand new Argentine ambassador to the United States Jorge Argüello with Donald Trump and expressions of support from the US president, the dollar bonds of the Argentine debt rise between 2 and 3.5%.

Trump gave his support to Argentina, key in debt renegotiation, especially with that of the Monetary Fund: "Tell President Fernández that you can count on this president," the president said.

The version published by Clarín that the IMF guarantees a 15% reduction in debt with bondholders also helps in raising bonds. Argentina would have closed the central guidelines of the agreement that would include a strong fiscal commitment from Fernández, between 3 and 4 years of grace not to pay interest, an initial cash payment and 10 years to pay the commitments.

The bonds rise led by 2026, which advances US $ 1.91, to US $ 51.71. The Century, meanwhile, has an improvement of US $ 1.02, to US $ 46.38.

Meanwhile, the wholesale dollar rises again. Advances 7 cents to $ 60.75, although the tourist remains at $ 81.90.

Alternative dollars are going down. Blue is trading at $ 77.50, while the US dollar is at $ 82.65 and cash with liqui is $ 84.47.

NE


Source: clarin

All business articles on 2020-02-07

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