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Sep 10, 2024 | 
ionanalytics.com | Mariana Santibanez |Santiago del Carril |Ben Miller
“The idea is to come to market with a social bond and place it between September and the end of this year,” the source close said. Honduras has already selected banks and is targeting a USD 500-USD 800m size with a 10- year or 20-year maturity, this source said. “We expect them to go to the market before the end of the year to strengthen their reserve position,” the source familiar said.
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Jul 12, 2024 | 
ionanalytics.com | Mariana Santibanez |Santiago del Carril |Ben Miller
News (Intelligence) Panama’s (BBB/Baa3/BB+) higher-than-expected fiscal deficits would require additional debt issuance in 2024, three sources following the sovereign said.
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Jun 7, 2024 | 
ionanalytics.com | Santiago del Carril |David Orbay-Graves |Ben Miller
News (Intelligence) Canacol Energy’s (CCC/B-/Caa1) creditors are weighing forming a group to protect their interests and resist being primed, said two sources familiar with the matter.
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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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May 28, 2024 | 
ionanalytics.com | Santiago del Carril |Ben Miller
TheEntre Rios (CCC/CC) provincial government is evaluating whether to pay its next bond coupon or to restructure its debt, Uriel Brupbacher, the province’s finance secretary, told Debtwire. The USD 65m debt service payment related to its USD 465.7m 8.25% 2028 bond is due 8 August.
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May 7, 2024 | 
ionanalytics.com | Álvaro Ledgard |Mariana Santibanez |Santiago del Carril |Ben Miller
Volcan Compania Minera is pursuing a second extension with banks to postpone a USD 34.2m syndicated loan amortization payment, according to a source close to the matter and two sources familiar with the matter. The original due date for the payment was 25 April, and the Peruvian miner reached an agreement with banks on 24 April for a two-month extension, to 24 June. The USD 400m syndicated loan was signed in December 2021.
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Feb 7, 2024 | 
ionanalytics.com | Santiago del Carril |Feike de Jong |Ben Miller
With a challenging two years of domestic and international debt service, a transaction involving Total Play’s (B-/Caa1) fiber optic assets could offer a path forward, in addition to actions such as cutting capex, according to two bondholders and two credit analysts.
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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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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...
