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(Bloomberg) -- As Argentina looks set to restructure its debt, bondholders are trying to grasp the implication of two words written into most bond sales worldwide since 2014. A group of holdouts rejected the earlier offers and sued for full payment, citing an equal treatment -- or "pari passu" -- clause in the bond documents, which prevented Argentina from treating defaulted bondholders less favorably than exchange bondholders. The uniformly applicable clause was added globally to ease investor concerns that debt issuers could differentiate between bondholders, offering better terms to some. [Extracted from the article]

(Bloomberg) -- As Argentina looks set to restructure its debt, bondholders are trying to grasp the implication of two words written into most bond sales worldwide since 2014. A group of holdouts rejected the earlier offers and sued for full payment, citing an equal treatment -- or "pari passu" -- clause in the bond documents, which prevented Argentina from treating defaulted bondholders less favorably than exchange bondholders. The uniformly applicable clause was added globally to ease investor concerns that debt issuers could differentiate between bondholders, offering better terms to some. [Extracted from the article]

(Bloomberg) -- For the bravest, most risk-tolerant investors out there -- shops like Franklin Templeton and Pimco -- the Argentine trade the past few years was to dive into the local market and scoop up peso-denominated bonds. Some foreign investors, most notably Pacific Investment Management Co., latched onto local floating-rate bonds that track the country's monetary policy rate, making them the world's top-paying bond. [Extracted from the article]

(Bloomberg) -- The sell-off in Argentina bonds is so severe that it may soon attract distressed-debt investors betting that there's money to be made in a restructuring. "The market will go lower and distressed investors will step in at some point, even with the uncertainty", said Alain Nydegger, a money manager at Pala Assets in Switzerland, which focuses on emerging-market debt. Distressed debt investors will probably wait until Argentine bonds are well below expected recovery values before buying, said Eric Baurmeister, who helps manage $12 billion in emerging-market debt at Morgan Stanley Investment Management Inc. in New York. [Extracted from the article]

(Bloomberg) -- The sell-off in Argentina bonds is so severe that it may soon attract distressed-debt investors betting that there's money to be made in a restructuring. "The market will go lower and distressed investors will step in at some point, even with the uncertainty", said Alain Nydegger, a money manager at Pala Assets in Switzerland, which focuses on emerging-market debt. Distressed debt investors will probably wait until Argentine bonds are well below expected recovery values before buying, said Eric Baurmeister, who helps manage $12 billion in emerging-market debt at Morgan Stanley Investment Management Inc. in New York. [Extracted from the article]

(Bloomberg) -- The sell-off in Argentina bonds is so severe that it may soon attract distressed-debt investors betting that there's money to be made in a restructuring. "The market will go lower and distressed investors will step in at some point, even with the uncertainty", said Alain Nydegger, a money manager at Pala Assets in Switzerland, which focuses on emerging-market debt. Distressed debt investors will probably wait until Argentine bonds are well below expected recovery values before buying, said Eric Baurmeister, who helps manage $12 billion in emerging-market debt at Morgan Stanley Investment Management Inc. in New York. [Extracted from the article]

(Bloomberg) -- The sell-off in Argentina bonds is so severe that it may soon attract distressed-debt investors betting that there's money to be made in a restructuring. "The market will go lower and distressed investors will step in at some point, even with the uncertainty", said Alain Nydegger, a money manager at Pala Assets in Switzerland, which focuses on emerging-market debt. Distressed debt investors will probably wait until Argentine bonds are well below expected recovery values before buying, said Eric Baurmeister, who helps manage $12 billion in emerging-market debt at Morgan Stanley Investment Management Inc. in New York. [Extracted from the article]

(Bloomberg) -- Argentina's Eurobonds fell and the peso rallied on little volume as investors adapted to the first day of trading under newly imposed capital controls. Argentina's government imposed capital controls Sunday to halt a slump in foreign currency reserves and the peso that has pushed the country to the brink of default. [Extracted from the article]

(Bloomberg) -- Money managers dumped Argentina's Eurobonds after the government imposed capital controls, fueling the sense of crisis in the Latin American nation. Argentina's government imposed capital controls to halt a slump in foreign currency reserves and the peso that has pushed the country to the brink of default. [Extracted from the article]

(Bloomberg) -- Money managers dumped Argentina's Eurobonds after the government announcement new capital controls, fueling the sense of crisis in the Latin American nation. Argentina's government imposed capital controls to halt a slump in foreign currency reserves and the peso that has pushed the country to the brink of default. [Extracted from the article]

(Bloomberg) -- Argentina's central bank will make it easier for local mutual-fund investors to get their money back after the industry suspended withdrawals in the wake of the country's default. Argentina is looking to delay payments on $7 billion of short-term bills coming due by year-end, $20 billion of local-law bonds and $30 billion of foreign-law bonds. [Extracted from the article]

Argentina investors scorched by one of the worst sell-offs in the history of emerging markets are banking on the International Monetary Fund to buy the country some time. IMF officials are visiting Buenos Aires and will give their recommendation within weeks on whether to disburse another $5.3 billion to the country from a record bailout approved in 2018. [Extracted from the article]

(Bloomberg) -- The slump in the Argentine peso last week made the country's pile of debt much harder to repay, signaling a renegotiation may again be in the cards for the South American nation. As of March 31, Argentina had $33.7 billion in foreign-currency debt payments due by year-end, the majority in short-term Treasury bills, or Letes, according to the latest debt report by the Finance Ministry. [Extracted from the article]

(Bloomberg) -- Less than two years after Argentina made a splash in markets by selling a $2.75 billion, 100-year bond, another debt restructuring is a real possibility after President Mauricio Macri was routed in a primary election. For Siobhan Morden, a Latin America fixed income strategist at Amherst Pierpont Securities in New York, it may already be too late for Fernandez to avoid a default, so her base case includes a debt restructuring under a revamped IMF program. [Extracted from the article]

(Bloomberg) -- Less than two years after Argentina made a splash in markets by selling a $2.75 billion, 100-year bond, another debt restructuring is a real possibility after President Mauricio Macri was routed in a primary election. Bonds got fairly close to testing those levels last week, when some notes traded as low as 45 cents on concern Alberto Fernandez and his running mate, former President Cristina Fernandez de Kirchner, would undo Macri's market-friendly agenda. [Extracted from the article]

(Bloomberg) -- Less than two years after Argentina made a splash in markets by selling a $2.75 billion, 100-year bond, another debt restructuring is seen as a real possibility after President Mauricio Macri's stunning loss in a primary election. Bonds got fairly close to testing those levels last week, when some notes traded as low as 45 cents on concern Alberto Fernandez and his running mate, former President Cristina Fernandez de Kirchner, would undo Macri's market-friendly agenda. [Extracted from the article]

(Bloomberg) -- After a brief respite at the end of last week, Argentina's debt is getting hammered again. On Monday, his economic adviser, Guillermo Nielsen, said Fernandez has no plans to restructure the country's debt. [Extracted from the article]

(Bloomberg) -- After a brief respite at the end of last week, Argentina's debt is getting hammered again. The upfront cost to protect Argentina's debt for five years using credit default swaps rose to 52.5% from 47% on Friday. [Extracted from the article]

(Bloomberg) -- The slump in the Argentine peso last week made the country's pile of debt much harder to repay, signaling a renegotiation may again be in the cards for the South American nation. As of March 31, Argentina had $33.7 billion in foreign-currency debt payments due by year-end, the majority in short-term Treasury bills, or Letes, according to the latest debt report by the Finance Ministry. [Extracted from the article]

(Bloomberg) -- After a brief respite at the end of last week, Argentina's debt is getting hammered again. The nation's offshore notes declined about 6% on Monday after the country was downgraded deeper into junk territory by two of the three biggest ratings companies and following the resignation of Economy Minister Nicolas Dujovne on Saturday. [Extracted from the article]

(Bloomberg) -- Argentine assets extended an unprecedented slump as traders reassessed the new political outlook for the troubled South American nation after Sunday's primary election upset. "So much of the path for peso is going to be determined by commentary now and I didn't think Fernandez's comments helped too much", said Brendan McKenna, a currency strategist at Wells Fargo in New York. [Extracted from the article]

(Bloomberg) -- Argentina is once again on the cusp of a full-blown financial crisis. Fernandez was cabinet chief under former President Nestor Kirchner, while his vice presidential pick, Cristina Kirchner, led the republic for eight years before Macri came to power. [Extracted from the article]

(Bloomberg) -- Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore. Fernandez was cabinet chief under former President Nestor Kirchner, while his vice presidential pick, Cristina Kirchner, led the republic for eight years before Macri came to power. [Extracted from the article]

(Bloomberg) -- Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore. Fernandez was cabinet chief under former President Nestor Kirchner, while his vice presidential pick, Cristina Kirchner, led the republic for eight years before Macri came to power. [Extracted from the article]

(Bloomberg) -- Brazil's President Jair Bolsonaro is backing his ally Mauricio Macri for re-election in neighboring Argentina this year, saying victory by an opposition party that includes ex-leader Cristina Fernandez de Kirchner could ignite political friction between the two nations. Bolsonaro, interviewed by Buenos Aires-based Clarin, said he is concerned that presidential candidate Alberto Fernandez, who visited Brazil's jailed former leader Luiz Inacio Lula de Silva recently, indicated he wants to review the Mercosur-European Union trade agreement. [Extracted from the article]

Argentine peso fell 3.4 percent after Caputo resignation Investors were rattled Tuesday by the resignation of Argentina's central bank president amid ongoing negotiations with the International Monetary Fund. [Extracted from the article]

Remember Argentina's Century Bond? Argentina earned plaudits last year when it sold $2.75 billion of century bonds, a sign that Mauricio Macri's administration had ushered in a new phase of financial dependability. Fast-forward to today: The bonds have tumbled to a record low of 86.79 cents on the dollar as investors question the credibility of Argentina's central bank and global emerging-market assets slide. [Extracted from the article]

Central bank inflation fight will determine peso's outlook Officials reduced the 7-day repo rate by 75 basis points last week, surprising economists who forecast a 125-basis-point cut. [Extracted from the article]

Money manager Edgardo Sternberg also favors Colombian notes Yields on Argentina's $2.75 billion of 30-year bonds could drop 1.5 percentage point over the next two years as President Mauricio Macri implements his plan to rebuild the economy and restore investor confidence, according to Edgardo Sternberg, a money manager at Boston-based Loomis Sayles, which oversees $229 billion in bonds including $16.5 billion in emerging-market debt. Sternberg also said Colombia's local-currency bonds are attractive, with the peso poised to rally with higher oil prices. [Extracted from the article]