The Limited Times

Now you can see non-English news...

The country risk rises 5% after a new failure of debt negotiation

2020-06-18T16:40:45.136Z


Argentine bonds fall up to 5%. And also Argentine shares on Wall Street are trading in red.


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


Source: clarin

All business articles on 2020-06-18

You may like

Life/Entertain 2024-01-29T03:38:23.813Z
News/Politics 2024-03-12T11:24:44.020Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.