Analysts say bondholders may reject the proposal, but add there is still leeway for negotiations
Category: Latin America
Posted inDaily Brief
Moody’s casts negative view on Brazil’s banking sector
Rating agency sees credit costs rising on slow economy and higher unemployment
Posted inDaily Brief
Ecuador gets bondholder consent for suspension of debt service until August
Bilateral discussions with creditors for a medium-term solution begin
Posted inDaily Brief
Fonplata funds small businesses in Uruguay
Río de la Plata development bank grants a $15 mln loan to protect SMEs from the coronavirus outbreak
Posted inWeb Articles
Bondholder groups reject Argentina’s restructuring offer
Three groups say it falls short of what the country needs for sustainable economic growth and financial stability
Posted inDaily Brief
Peru garners ‘massive’ orders in $3 bln bond deal
Sovereign issuer’s return is a good sign, but liquidity is still low and investors are still cautious, source says
Posted inDaily Brief
FACTBOX 4/17/20: Latin America moves to mitigate impact of COVID-19
UPDATE: Duque levies a “solidarity tax” on public employees in Colombia
Posted inDaily Brief
Argentina proposes 62% cut in interest payments
Government’s offer to restructure foreign-law bonds also calls for a three-year grace period
Posted inDaily Brief
Colombia obliges banks to buy ‘solidarity bonds’
Government plans to issue new one-year notes within 90 days
Posted inDaily Brief
Developed economies foot bill for IMF emergency funds
IMF members agree to redeploy SDRs for poorer countries, rather than allocate new ones