The government of Córdoba announced the successful restructuring of its dollar debt for a total amount of 1.7 billion dollars. The agreement reached with the bondholders includes a one-point reduction in the interest rate from 7.23 per cent to 6.08 per cent on average, representing a saving of $200 million over the next eight years, and postponing the first maturity to 2023 and the last to 2029; this implies a temporary saving of $700 million.
Day: January 12, 2021
In one month, the price of meat rose by 20%
The prices of the different cuts of beef showed increases of 19.9% in December, which means a rise of 74.8% compared to the same month in 2019, despite the record number of animals slaughtered in 2020 and the fact that international values of the product fell by 4.5% last year.
YPF refinances its $6.2bn debt
YPF will move forward with the refinancing of some $6.2 billion, to generate the conditions to promote an investment plan to reverse the negative trend in oil and gas production.
In 2020, rents increased by 62%
Rents last year marked the most considerable rise in nine years as they accumulated a 62% increase, 25 percentage points above annual inflation, which is estimated to be close to 36%.
Private schools register debts in more than 60% of the students
Affected by the economic crisis that generated the more than 200 days of social, preventive and obligatory isolation in 2020, private schools register debts in more than 60% of the students because many families were unable to comply with monthly fees. Also, it estimates a drop of more than 30% in enrolment this year, due to the second wave of Covid-19 pandemic.
