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4 weeks ago | 
ionanalytics.com | Clara Agustoni |Mariana Santibanez |Ben Miller
The reserve accumulation target set by the International Monetary Fund (IMF) under Argentina’s recently approved USD 20bn financing program is achievable, as the lifting of FX restrictions will incentivize export liquidation and FDI, according to a London-based economist, a buyside source and a Morgan Stanley research report.
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Aug 16, 2024 | 
ionanalytics.com | Clara Agustoni |Álvaro Ledgard |Ben Miller
News (Intelligence) Companies including YPF (Caa3/CCC-) Edenor (CCC) and Albanesi (CCC-) are considering issuing global bonds as they see a window of opportunity for Argentine corporates, four sources familiar with the matter said.
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Jun 25, 2024 | 
ionanalytics.com | Clara Agustoni |Ben Miller
Cammesa, the national administrator of Argentina’s wholesale electricity market, is set to complete today the payment of 70% of its April bill with power generators including AES Argentina, Pampa Energia and YPF Luz, three industry sources said. Additionally, the administrator has promised to cancel 100% of the April payment by the end of this week, said the first and second sources.
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Jun 5, 2024 | 
ionanalytics.com | Clara Agustoni |Santiago del Carril |Lucy Monteiro |Ben Miller
News (Intelligence) Paraguay-based meatpacker Frigorifico Concepcion (B/B) has not been able to resolve creditors’ concerns regarding liquidity pressures and its relationship with certain trading partners, despite having received a clean opinion in its final audited 2023 financial statements, said three buyside sources and a lawyer following the matter.
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Feb 26, 2024 | 
ionanalytics.com | Clara Agustoni |Ben Miller
Argentina’s Province of La Rioja (CC/CCC-) has hired BCP Securities and Puente Hermanos as financial advisors for the planned restructuring of its 6.5%, USD 318m bonds due 2028, according to two sources familiar with the matter. Cleary Gottlieb has been retained as legal counsel along with Argentine law firm Bruchou & Funes de Rioja, according to the first source and a third source familiar.
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Jan 17, 2024 | 
ionanalytics.com | Ben Miller |Clara Agustoni |Santiago del Carril
Argentina president Javier Milei is considering whether to downsize his omnibus law to have around 200 articles, instead of 660, to be able to pass it through the country’s Lower Chamber before 24 January, two sources close to the matter said.
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Dec 13, 2023 | 
ionanalytics.com | Ben Miller |Clara Agustoni |Santiago del Carril
Investors and bondholders have a broadly positive view of the economic measures Argentina (CCC-/Caa1/CC) announced on 12 December, aimed at reducing the fiscal deficit by more than 5.2 percentage points of GDP, according to four buyside sources. Nonetheless, there are doubts regarding the possibility of implementing the package, as many of the measures require congressional approval, while others may face social resistance, the first and second buyside sources said.
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Dec 4, 2023 | 
ionanalytics.com | Ben Miller |Clara Agustoni
Argentine provinces led by Province of Buenos Aires (PBA) (Ca/CCC-), Chubut (Ca) and La Rioja are preparing to face a difficult 2024, as they expect to see further revenue reductions under President-elect Javier Milei, three sources familiar with the matter said. Provinces have already suffered a 13.6% reduction in revenues from national shareable taxes, known as co-participation, in November, according to a report from Argentine economic think tank IARAF.
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Oct 24, 2023 | 
info.debtwire.com | Clara Agustoni |Santiago del Carril |Arora Vishal
News Analysis By Clara Agustoni and Santiago del Carril Argentina libertarian presidential candidate Javier Milei will have to work on building political alliances to achieve the “titanic” task of winning the runoff after the strong results obtained by ruling party candidate Sergio Massa on 22 October, according to two sources close to the matter, a political analyst and three buyside sources. Against the predictions of most polls, Massa, the economics minister and candidate of the ruling...
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Oct 23, 2023 | 
community.ionanalytics.com | Clara Agustoni |Santiago del Carril
by Clara Agustoni and Santiago del CarrilArgentina libertarian presidential candidate Javier Milei will have to work on building political alliances to achieve the "titanic" task of winning the runoff after the strong results obtained by ruling party candidate Sergio Massa on 22 October, according to two sources close to the matter, a political analyst and three buyside sources.
