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Argentina verso il fallimento -
RSI Radiotelevisione svizzera
ulteriori approfondimenti: Argentina Asks Pimco to Roll Over Debt as Restructuring Looms
rgentina’s nine-day-old government has moved quickly to sidestep a debt crisis, appealing to bondholders including Pacific Investment Management Co. to roll over maturing debt.
Finance Secretary Diego Bastourre and his deputy, Ramiro Tosi, met with Pimco officials and local bondholders on Dec. 18 to persuade them to accept new notes in exchange for 24.5 billion pesos ($410 million) of bonds maturing on Monday, according to three people with direct knowledge of the matter.
The problem: the terms of the bonds they offered are unattractive and it’s not clear there would be any incentive to accept, the people said. The government asked the main holders of the bonds today to clarify how much they are willing to roll over, one person said.
The government also announced Thursday that it plans to sell on Friday a peso-denominated, six-month note at a spread over Badlar, the benchmark rate of private certificates of deposit. During the meeting, the officials proposed a spread of two percentage points, the people said. The Economy Ministry and Pimco declined to comment when asked for details
da Bloomberg
RSI Radiotelevisione svizzera
ulteriori approfondimenti: Argentina Asks Pimco to Roll Over Debt as Restructuring Looms
rgentina’s nine-day-old government has moved quickly to sidestep a debt crisis, appealing to bondholders including Pacific Investment Management Co. to roll over maturing debt.
Finance Secretary Diego Bastourre and his deputy, Ramiro Tosi, met with Pimco officials and local bondholders on Dec. 18 to persuade them to accept new notes in exchange for 24.5 billion pesos ($410 million) of bonds maturing on Monday, according to three people with direct knowledge of the matter.
The problem: the terms of the bonds they offered are unattractive and it’s not clear there would be any incentive to accept, the people said. The government asked the main holders of the bonds today to clarify how much they are willing to roll over, one person said.
The government also announced Thursday that it plans to sell on Friday a peso-denominated, six-month note at a spread over Badlar, the benchmark rate of private certificates of deposit. During the meeting, the officials proposed a spread of two percentage points, the people said. The Economy Ministry and Pimco declined to comment when asked for details
da Bloomberg