06/18/2020 - 10:48
- Clarín.com
- Economy
- Economy
The markets took note on Thursday of the differences between the position of Argentina and that of the bondholders with respect to the debt restructuring, which was reflected on Wednesday in a harsh statement by Martín Guzmán and the possibility of initiating lawsuits by from creditors. The country risk started with a rise of 5.4%, to 2,691 basis points . Argentine bonds traded on Wall Street are showing declines of 2.5% and 5%.
On Wednesday, the confidentiality agreements that the economy minister had signed with the creditors, which meet in three groups, expired. Argentina put on the table the offer of 50 dollars plus the coupon tied to exports, which was rejected by some funds , such as BlackRock. In this way, the negotiations would extend beyond this Friday and would be the fifth formal postponement of the conversations.
Shares of Argentine companies listed on Wall Street also started lower, although not as deep as previous days. They lose between 2 and 3%, led by banks.
Note in development