Tecpetrol misses more loan payments

Tecpetrol misses more loan payments

Debt Corporate & Sovereign Strategy Economy & Policy Loans Gas Argentina Latin America

Tecpetrol, the third-largest natural gas producer in Argentina, said it did not make $44.7 million in loan payments on time, its third missed payment since the central bank tightened access to dollars earlier this year. The company said it owed $15 million on a loan that matured on Monday plus $29.7 million in principal due the same day, both to its Uruguay-based parent Tecpetrol International. But when Argentina's central bank did not give it authorization to buy dollars, the company said it wa

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial