Argentina is poised to "imminently" send an agreement with the International Monetary Fund (IMF) to the country's Congress for approval, government spokeswoman Gabriela Cerruti said on Thursday, signaling the critical debt deal is drawing near. T

 

Venezuela Last week, Venezuela, a close ally of Russia, blamed NATO and the United States for the crisis in Ukraine, where Russian troops were advancing on the capital a little more than a day into their invasion of the neighboring country. Venezuela's foreign ministry said late on Thursday that NATO and the United States had violated the Minsk agreements, a 2014 deal aimed at ending a war in Donbas, a separatist region in eastern Ukraine. The South American country -- whose president, Nicolas Maduro, said before the invasion launched on Thursday that Venezuela was with Putin -- also urged a diplomatic dialogue to avoid an increase in the conflict.   Moreover last week, a report by the European Union mission that monitored Venezuela’s November 2021 elections underscores that Venezuelans faced serious obstacles in voting and running for office, Human Rights Watch said today. The February 22 report provides a roadmap for the substantial reforms needed for free and fair elections. EU election monitors noted problems including the arbitrary disqualification of political opponents who sought to run for office, partisan use of state resources in the campaign, unequal access to the media and social media during campaigning, government blockage of websites, and a lack of judicial independence and respect for the rule of law. They emphasized that such conditions undermined the election’s fairness and transparency.

 

Credit Type / ISIN Indicative price (%)* Venezuela VENZ 13 5/8 08/15/18 5.75 6.75 Venezuela VENZ 9 ¼ 09/15/27 5.75 6.75 Venezuela VENZ 7 3/4 10/13/19 5.75 6.75 Venezuela VENZ 6 12/09/20 5.75 6.75 Venezuela VENZ 12 3/4 08/23/22 5.75 6.75 Venezuela VENZ 9 05/07/23 5.75 6.75 Venezuela VENZ 8 1/4 10/13/24 5.75 6.75 Venezuela VENZ 7.65 04/21/25 5.75 6.75 Venezuela VENZ 11 3/4 10/21/26 5.75 6.75 Venezuela VENZ 9 1/4 05/07/28 5.75 6.75 Venezuela VENZ 11.95 08/05/31 5.75 6.75 Venezuela VENZ 9 3/8 01/13/34 5.75 6.75 Venezuela VENZ 7 03/31/38 5.75 6.75 Venezuela ICSID Claims Call desk for Prices PDVSA PDVSA 8 1/2 10/27/20 15 17.5 PDVSA PDVSA 9 11/17/21 3.75 4.75 PDVSA PDVSA 12 3/4 02/17/22 3.75 4.75 PDVSA PDVSA 6 10/28/22 2.0 3.5 PDVSA PDVSA 6 05/16/24 3.75 4.75 PDVSA PDVSA 6 11/15/26 3.75 4.75 PDVSA PDVSA 5 3/8 04/12/27 3.75 4.75 PDVSA PDVSA 9 3/4 05/17/35 3.75 4.75 PDVSA PDVSA 5 1/2 04/12/37 3.75 4.75 PDVSA Promissory Notes Call desk for Prices PDVSA Trade Receivables Call desk for Prices * Indicative price for positions with institutional size only. For smaller sizes please call desk

 

 

Argentina Argentina is poised to "imminently" send an agreement with the International Monetary Fund (IMF) to the country's Congress for approval, government spokeswoman Gabriela Cerruti said on Thursday, signaling the critical debt deal is drawing near. The South American country reached an understanding with the IMF in late January over a new deal to help push back over $40bn in debts the country owes and cannot pay. That agreement still needed to be ironed out before getting final approval. Argentine President Alberto Fernández needs Congress to approve the details of the deal, with pressure rising ahead of repayments to the IMF of over $2.8bn due mid-March. The deal will also need to be approved by the IMF's board. In January, Argentina's government announced it had reached an understanding in principle with the IMF to replace a $57bn failed loan granted in 2018. The IMF head Kristalina Georgieva said then there was still much work to be done.

 

Credit Type / ISIN Indicative price (%)* Argentina ARGENT 0 1/2 07/09/30 31.6 33.5 Argentina ARGENT 1 07/09/29 33.2 34.5 Argentina ARGENT 1 1/8 07/09/35 29.9 30.1 Argentina ARGENT 2 1/2 07/09/41 34 34.4 Argentina ARGENT 2 01/09/38 36.9 37.8 Argentina ARGENT 1 1/8 07/09/46 28.2 30.1 Province of Buenos Aires BUENOS 3.9 09/01/37 39 45.3 Province of Buenos Aires BUENOS 2.85 09/01/37 34 37.2 Province of Buenos Aires BUENOS 3 1/2 09/01/37 35.3 40.9 Province of Buenos Aires BUENOS 3 09/01/37 30.9 34.8 Province of Buenos Aires BUENOS 2 09/01/37 28.3 33.1 Province of Buenos Aires BUENOS 2 1/2 09/01/37 30.5 37.2 YPF YPFDAR 8 1/2 07/28/25 78 81.5 YPF YPFDAR 8 3/4 04/04/24 91.4 95.9 YPF YPFDAR 6.95 07/21/27 66.3 69.2 YPF YPFDAR 7 12/15/47 61.4 68.3 YPF YPFDAR 8 1/2 06/27/29 73 75.9 Banco Macro BMAAR 6.643 11/04/26 83.2 87.4 * Indicative price for positions with institutional size only. For smaller sizes please call desk

 

 

Cuba

 

Type / ISIN Indicative price (%)* Claims against Republic of Cuba and Banco Nacional de Cuba 1 3 * Indicative price for positions with institutional size only. For smaller sizes please call desk

 

 

Ecuador When Ecuador’s president Guillermo Lasso visited China for the opening of the Winter Olympics, the head of state used the occasion to discuss debt renegotiations between the two countries, a momentous opportunity for creative approaches to resolving Chinese debt in Latin America. China has been Ecuador’s largest bilateral creditor for much of the 21st century. Ecuador’s latest public debt reports show that it owes China nearly $5bn, or about 11% of its total external debt. Only multilateral institutions, like the Inter-American Development Bank and the International Monetary Fund, hold larger shares of the country’s debt.

 

Credit Type / ISIN Indicative price (%)* Ecuador ECUA 5 07/31/30 87.4 89.4 Ecuador ECUA 1 07/31/35 71.1 75.1 Ecuador ECUA 0 07/31/30 58.6 59.7 Ecuador ECUA 0 1/2 07/31/40 61.8 65 * Indicative price for positions with institutional size only. For smaller sizes please call desk

 

 

El Salvador The government's recent tourist figures indicate a 30 percent boost in tourism since the cryptocurrency was became legal money, and it's predicting a double-digit gain in GDP in 2021. Morena Valdez, El Salvador's tourism minister, stated last week that tourism has increased by 30% since the government enacted a legislation making Bitcoin legal money in September. The 1.4 million visitors exceeded the government's forecast of 1.1 million, with Americans accounting for 60% of the total.

 

Credit Type / ISIN Indicative price (%)* El Salvador ELSALV 7 3/4 01/24/23 84.4 87.3 El Salvador ELSALV 7.1246 01/20/50 50.1 51.9 El Salvador ELSALV 5 7/8 01/30/25 61.1 64.7 El Salvador ELSALV 6 3/8 01/18/27 55.4 57.9 El Salvador ELSALV 9 1/2 07/15/52 53 57.6 El Salvador ELSALV 8 5/8 02/28/29 55.5 58.5 El Salvador ELSALV 8 1/4 04/10/32 57.7 60.6 * Indicative price for positions with institutional size only. For smaller sizes please call desk