latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/argentina-looks-to-delay-payments-on-10b-of-debt-57928359 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Argentina looks to delay payments on $10B of debt

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Argentina looks to delay payments on $10B of debt

Argentina's government said it would move the payments related to up to $10 billion of dollar-denominated debt until the end of the year, Reuters reported citing an official decree.

The plan will not include the foreign currency obligations, worth about $70 billion, that the country is currently renegotiating with bondholders, according to the so-called decree of necessity and urgency that was obtained by Reuters. The debt subject to the postponement was issued under local law while the latter was issued under international law.

The move aims to ease the strain on the country over upcoming payments on its foreign-law debt.

Argentina earlier said it plans to restructure foreign currency-denominated obligations worth $83 billion under both foreign and local law to avoid sovereign default. The country missed a March 31 deadline it has set for an agreement with creditors over the debt restructuring.