The Government will pay next week to the International Monetary Fund (IMF) some $300 million correspondingly to the Stand-By program's interest maturity. It will be the second payment that the country will make this year, while the negotiation of the new program to refinance around $45 billion owed continues. Between the Fund and the Paris Club, the commitments total $7.6 billion in 2021, but the country is seeking to reschedule the principal maturities.
The financial debt restructuring carried out by some 40 companies in the last quarter of 2020 took the pressure off the exchange market for close to $500 million that would otherwise pay capital and interests.
The oil company Pan American Energy (PAE) announced an international bond for u$s300 million for six years with a fixed rate of 9.125%. In addition to the payment of a $166 million bond maturing on May 7. It included 54% of the bond ($90 million) in the cash tender offer, which PAE paid yesterday.
Argentine agricultural biotechnology company Bioceres began trading yesterday on Wall Street's Nasdaq technology index. The company voluntarily transferred its listing from NYSE American to the Nasdaq Global Select Market and will continue to trade under the symbol "BIOX". The company's shares rose 4.9%.
Companies reduced their external debt by $5.68 billion over 2020. According to a report published yesterday by the Central Bank, private sector foreign commitments totalled $78.07 billion at the end of the fourth quarter, 6.8% less than a year ago.
Chazki, which provides e-commerce and retail sales solutions, completed the "Series A" capital raising, led by Talipot Holdings -a Mexican private equity fund- and Latin America's leading retailer, Grupo Falabella, among other investors. It raised $7 million, as reported.