Argentina will prepay bond that expires in 2015

The Argentine Economy Minister Axel Kicillof announced this Thursday that his country will pay next week in advance a bond that expired in October 2015 by 6,700 million, in the middle of a dispute with the hedge funds in the United States. The Minister also announced at a press...

Argentina makes deposit to pay debt creditors

The Ministry of Economy of Argentina announced that today was made a deposit of 161 million dollars in the local authority Nation Trusts, of the National Bank, in Buenos Aires, in order to pay the debt the country maintains with the creditors of the restructured debt. “From...

Argentina approved law that authorizes payment of debt in its territory

A new law was approved today, which will allow creditors of Argentina in the USA, UK and Japan (who can not charge money because of the American court blocking), to receive their money in Buenos Aires if they accept it. This change of payment place was approved by the Chamber of...

Hedge funds would start new lawsuits

This proposal seeks to bring out the country of the default avoiding the blocking of payments of its restructured debt payments. “It is a blatant violation of court orders. The court order prohibits changing the payment mechanism of the redeemed bonds without court...

Swiss Bank initiates actions to collect debt

After Argentina went into the red zone with the default caused by the unpaid speculative bonds, the first moves for a possible implementation of the titles began to be recorded, with the ones Argentina renegotiated its debt, said Argentina´s newpaper La Nación. The Swiss bank USB...

Fintech Fund accepts debt swap under Argentine legislation

Fintech Advisory, one of the creditors in the case by the argentine debt, is willing to accept a swap of its restructured bonds under foreign law by other issued under Argentine legislation. David Martinez Guzman, head of the fund, said that the intention of the South American...

Judge Grisea calls “invalid and illegal” Argentina’s debt proposal

The American Judge Thomas Griesa, handling the case of the dispute presented by the government debt of Argentina with hedge funds, called “invalid and illegal” Argentina’s latest proposal. Today he said that the proposal that should be analyzed by the Argentine...

The President of Argentina will request jurisdiction to pay the debt

The President of Argentina Cristina Fernandez, announced on Tuesday she will send to the Congress a bill to put under Argentinian jurisdiction all the sovereign debt tittles. In this way, the Argentine government would seek to circumvent the blockade of funds that the American...