Titoli di Stato area non Euro ARGENTINA obbligazioni e tango bond (20 lettori)
- Creatore Discussione SINIBALDO
- Data di Inizio
tommy271
Forumer storico
tommy271
Forumer storico
Ad Hoc Group of Buenos Aires Bondholders Endorse CAPB Basic Principles for Argentine Provincial Debt Restructurings
30 Nov, 2020, 18:21 GMT
NEW YORK and LONDON, Nov. 30, 2020 /PRNewswire/ -- Last week, the Coalition of Argentine Provincial Bondholders (the "CAPB"), which was formed by a group of international asset managers holding over $3 billion in bonds issued by Argentine provinces, published a statement of "Basic Principles" that should govern any restructuring of Argentine provincial debt. The Steering Committee of the Ad Hoc Group of Buenos Aires Bondholders (the "Group"), which comprises more than 40 institutions holding in excess of 49% of the external bonded debt of the Province of Buenos Aires (the "Province"), endorse the CAPB Basic Principles as providing a positive and constructive framework for finding a resolution of the Province's ongoing debt default.
The CAPB Basic Principles require, amongst other things, that provincial debt restructuring negotiations take place on the basis of transparency and good faith, with a view to addressing the true needs of borrowers, and with provinces committing to allocate a reasonable portion of fiscal capacity to debt service. By honoring these important concepts in future restructuring negotiations with the Group, the Province would create the opportunity for a truly consensual resolution. Such an outcome would in turn create the conditions for early restoration of the Province's access to international capital markets, to the benefit of the businesses and citizens of Buenos Aires. In the past, private international investment capital has proven a vital resource for the Province in financing critical infrastructure and other capital projects. The same can be true going forward so long as the legitimate rights and interests of bondholders are respected in the current restructuring process.
Although the Province has to date failed to engage with its bondholders to find a solution appropriate to its specific circumstances, the Steering Committee remains ready and willing to engage in good faith negotiations based on the roadmap provided by the CAPB Basic Principles. As previously stated, the Steering Committee continues to evaluate its available options, given the lack of a constructive approach from the Province to date.
tommy271
Forumer storico
Coalition of Argentine Provincial Bondholders
@ArgProvBonds
Bondholders of Entre Rios Propose Restructuring Terms Consistent with CAPB Basic Principles #Argentina
Ad Hoc Group of Entre Rios Bondholders Provides Province with Proposal for Restructuring of its...
/PRNewswire/ -- The Ad Hoc Group of Entre Rios Bondholders (the "Group"), which includes institutional investors holding 60% of the outstanding 8.75% Notes due...
prnewswire.com
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Coalition of Argentine Provincial Bondholders
@ArgProvBonds
Rio Negro Bondholders reach agreement on consensual restructuring of debt. Terms consistent with CAPB Basic Principles. A positive step forward. #Argentina
Province of Rio Negro Ad Hoc Group announces support for debt re-profiling
/PRNewswire/ -- The Ad Hoc Group of Bondholders (the "Ad Hoc Group") of the Province of Rio Negro (the "Province") announces its support for the consent...
prnewswire.com
tommy271
Forumer storico
Pip Stoch
@pipstoch
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