IRSA faces hurdles to pay 2023 debts

IRSA faces hurdles to pay 2023 debts

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Capital Markets Asset Management Regulation Argentina

IRSA Inversiones y Representaciones, the biggest real estate firm in Argentina, has built up a cash cushion to cover most of the $205 million in debts falling due next year, but it must gain central bank approval to access US dollars to do this, CFO Matías Gaivironsky said on Thursday. "We have the cash to pay, we just need the tools to do it," he said on a conference call with investors. IRSA has the equivalent of $155 million in cash on hand, which if it can exchange them to dollars would allo

Already have an account?

Free trial

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

Free Trial