Argentina: Is corporate debt an opportunity?

Select issuers now more attractive

clock
Dmitry Griko of EG Capital Advisors
Image:

Dmitry Griko of EG Capital Advisors

The yields on Argentinian government debt have spiked sharply in recent weeks on the back of the primary elections held in mid-August, when President Mauricio Macri unexpectedly lost to Alberto Fernández, close ally of ex-president Cristina Fernández de Kirchner who has historically supported a socialist political agenda.

As a result of the subsequent devaluation of the currency and high dependence of Argentina on foreign currency borrowings (only 22% of the debt was denominated in peso as of 30 June), the government may...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Investment Week digital edition - 17 January 2022

Investment Week digital edition - 17 January 2022

Latest edition of magazine now available online

clock 17 January 2022 • 1 min read
Diversity Blog: How is asset management tackling equality?

Diversity Blog: AJ Bell partners with mental health charity Stop.Breathe.Think

Round-up of diversity coverage

Investment Week
clock 17 January 2022 • 1 min read
Industry Voice: Investing in a more sustainable future

Industry Voice: Investing in a more sustainable future

Velislava Dimitrova and Cornelia Furse, Portfolio Managers, Fidelity Sustainable Water & Waste Fund
clock 17 January 2022 • 5 min read
Trustpilot