The Argentine Government released late yesterday a document with an improved offer compared to its previous version. Issues in dollars maturing between 2030 and 2042 with an average life ranging from 7 to 15 years. Also noteworthy are the staggered coupons. In the last hours, the bondholders announced the counteroffer they had made to the Government. Two large groups that were under these clauses said they submitted a joint proposal for $36 billion in cash flow relief over nine years.
Day: May 29, 2020
Painkiller sales grew by 25% during the pandemic
After more than two months of confinement, the consequence is that the sale of analgesics to alleviate muscle pain increased by 25%, according to data from the Union of Pharmacists and Biochemists (SAFYB). More powerful anti-inflammatory prescribed drugs, such as tramadol, also increased by 7%. On the other hand, six out of ten Argentines gained weight during the quarantine.
Central Bank had to sell $100 million to support the official dollar
The CCL dollar rose 2.6% to 112.69 pesos while the MEP (stock market but only traded in Argentina) increased to 109.41 pesos, bringing the gap to 64.6%. To support the official dollar, the BCRA lost $1.12 billion so far in May.
Real estate market in Buenos Aires falls 99.98% year-on-year
Due to the quarantine, during April there was only one real estate transaction in the province of Buenos Aires, according to information provided by the Association of Notaries of the region this Thursday. In percentage terms, the year-on-year fall represents 99.98%. This freezing in the deeds was also reflected in the amounts, since the total was 99.95% lower than in April 2019.
Despite the pandemic, Argentina exported 17% more meat
Exports of beef, poultry and pork increased by 17% in the first quarter of the year and totalled 249,223 tons, thus surpassing the 213,091 tons exported in the same period last year. The most important destinations were China, Chile, Israel and Germany.
