Credit markets open to Argentina for first time in years: ministry

Comments (5)
GermanHoldout wrote:

The following could also be a solution for the holdouts:

A bank such as Goldman Sachs (so NOT Argentina) makes NOW a buyback offer of about 130-140% ( for owned capital+ accrued interest between 2002-2015) for the holdouts.
(Argentina owns now about 230%, a cash buyback of 130-140% would so mean a debt relief of about 100%)

In this case, The “RUFO” clause (Rights Upon Future Offers) would not apply because Argentina had nothing to do with the offer.

Mar 30, 2014 2:24pm EDT  --  Report as abuse
Errata wrote:

Apparently no-one at Goldman Sachs has any realistic expectation of ever seeing their investors’ money again.

Mar 30, 2014 3:06pm EDT  --  Report as abuse
birder wrote:

Isn’t this the country that recently defaulted on billions in loans? Oh well, what is a billion to GS? Pocket change.

Mar 30, 2014 4:31pm EDT  --  Report as abuse
jpd111 wrote:

Nice report, but the last time I checked Caracas was the capital of Venezuela!

Also surprised to see Goldman loaning into the Kirchner regime – I thought they were supposed to be the smart money…

Mar 31, 2014 12:21pm EDT  --  Report as abuse
RICO9999 wrote:

So Argentina has an offer to lend it money at 6.5%, will not be borrowing money in foreign currency and has Peso inflation of 30%. So even if Argentina repays its debt the the lenders will loose 24% of their money in the first year. Something smells funny. Could this story be propaganda from a desperate government.

Apr 01, 2014 1:10am EDT  --  Report as abuse
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