Argentine companies face restrictions in paying debts

Argentine companies face restrictions in paying debts

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Loans Politics Argentina Latin America Coronavirus

Argentine companies with principal payments on foreign-currency debts due over the next seven months face the potential of default or paying more in local currency terms following a move by the central bank to restrict already tight access to US dollars, analysts said on Wednesday. Miguel Ángel Pesce, the central bank president, said late on Tuesday that companies with principal payments of more than $1 million per month due before March 31, 2021 should take steps now to restructure them. "We ar

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