Economy Minister Martin Guzman laid out the framework of the country’s proposal, which would see it restructure close to $70 billion in foreign debts as it grapples with a biting recession that is being sharpened by the coronavirus pandemic.
There would be a smaller capital cut of around $3.6 billion, or 5.4% of the total debt stock, Guzman said. “It sounds better than what markets were pricing in. Bondholders were afraid of something radical, like no coupon payments or high capital haircuts,” he said. Argentina’s proposal, which was initially expected to be made by mid-March, has been delayed by the global coronavirus pandemic, which has buffeted the country’s already fragile economy and led to a nationwide lockdown.
No 'understanding' yet again till the words 'write off' are used... very clever.
Bien por nuestro Gobierno, decidió priorizar a las Personas. Gracias, alferdez
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Frontier Communications Files for Chapter 11 BankruptcyFrontier Communications’ bankruptcy filing marks the end of an era in which it racked up billions in debt as part of an expansion that turned it into one of the nation’s largest telecom companies Hopefully The Replacement Company Will Provide Much Better Customer Service The management should be checked.
Source: WSJ - 🏆 98. / 63 Read more »
Carnival CEO says company could survive rest of 2020 with no revenue - Business InsiderCarnival's CEO said the company has enough money to make it through the rest of 2020 without bringing in any revenue Indian Premier League 2020 season has now been postponed indefinitely BCCI IPL coronavirus Good cause your business is taking a definite HIT I knew $9 for a beer was a little high.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Airbnb raising another $1 billion in debt as coronavirus ravages tourism businessA week after announcing a $1 billion financing round, Airbnb raised another $1 billion in debt in an effort to pad its balance sheet. I wouldn’t want to own that debt ... Airbnb is gonna have a longer recovery. Longer than hotels. Tough to prove cleaning. People don’t want outsiders in there house. Do you need 15 days in between guests?
Source: CNBC - 🏆 12. / 72 Read more »
Airbnb in advanced talks about new $1 billion loan: sourcesAirbnb is in advanced talks for a new $1 billion debt deal just weeks after it closed a $1 billion investment from private equity firms, according to two sources. Is it sustainable? startups unicorn
Source: Reuters - 🏆 2. / 97 Read more »
Charter Communications To Raise $3 Billion Of Fresh Cash In Debt SaleCharter Communications said late Tuesday it plans to sell $3 billion of senior notes to raise cash for fees and expenses and general corporate purposes – the latest major media company to tap…
Source: DEADLINE - 🏆 109. / 63 Read more »
Coronavirus could cause more countries to default on their debt, economist saysMany governments have announced large amounts of stimulus to support their respective economies, with some taking up more debt to fund those expenditure. They thought Boris Johnson was a fool for Brexit. Looks like he saved the Pound Sterling just in time. Why doesn’t every country just forgive all debts this year? Clean slate. Wrong. Government did this, not a virus.
Source: CNBC - 🏆 12. / 72 Read more »