Argentina
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Buying back debt cheaply does nothing for long-term debt sustainability nor bond market access -
Bond default still likely but investors spy value
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Oil and gas producer will use new loan and Argentina’s FX market to fund LM
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Several Argentine corporates in stronger positions than sovereign
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Over 80% of bondholders agree to push out maturities
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Argentine energy name increases coupon on exchanged bonds
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A recommendation to help EM market participants face macro headwinds
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Martín Guzmán was a moderating force in Argentina’s government
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Scale of June sell-off shows vulnerability of EM high yielders
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Argentine oil company looks to push out 2023 maturity by two years
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Sovereign’s curve hits new lows amid ‘dire’ situation
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Argentine issuer needs 75% participation on swap of 2023s
