Creditors call on the province to abandon its “unilateral stance” in restructuring proposal
Category: Structured Finance
Posted inDaily Brief
Enjoy deals to avoid default
Chilean casino operator says some creditors are supportive, but others are reluctant to renegotiate debt
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Moody’s downgrades five banks in Mexico
BBVA, Santander, Nafin and Bancomext get cut to Baa1 for their ties to the sovereign
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Mexico sells $6 bln in bonds for coronavirus response
Sovereign issuer fields $28.5 bln in orders in a three-part deal after downgrades last week
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LatAm, Caribbean face destabilizing capital movements as financing needs grow, CEPAL says
Highly indebted middle-income countries must be included in debt alleviation, low interest financing, according to UN commission
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Guatemala stuffs order books in bond return
Sovereign issuer receives more than $8 bln in orders in a two-part deal that raises $1.2 bln for COVID-19 response
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Argentina’s restructuring offer could push it to default
Analysts say bondholders may reject the proposal, but add there is still leeway for negotiations
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Argentina proposes 62% cut in interest payments
Government’s offer to restructure foreign-law bonds also calls for a three-year grace period
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Argentina files to sell $52 bln in fresh debt
Government says it could issue new notes to refinance, repurchase or retire local and foreign bonds
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Brazil drafts aid package for states and cities
Chamber of Deputies earmarks $15.5 bln to make up for lost tax revenues during the coronavirus outbreak