Power Producers Seek Better Terms for $2 Billion Argentina Debt [BNN Bloomberg (Canada)]
Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) (CEPU)
Last central puerto s.a. american depositary shares (each represents ten common shares) earnings: 11/11 08:32 pm
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Source: BNN Bloomberg
The producers — led by Pampa and Central Puerto SA, which together supply about 30% of Argentina's energy — want better terms for the debt, which began to accumulate late last year when President Javier Milei's government stopped paying them as part of a broader effort to shrink its budget deficit. Most of the current offer by the government, published Wednesday in the federal register, is comprised of a sovereign bond in hard currency maturing in 2038. The bond is trading at about 50 cents on the dollar, so Milei is essentially asking companies to take just half of the money due. In the period from December to February alone, Pampa says it's owed $163 million by state power wholesaler Cammesa, some of which it's already written off. The government covers a chunk of the cost of power generation for Argentine residents and industry, and channels those subsidies to producers through Cammesa. Milei is working to slash the energy subsidy bill, but must tread carefully to avoid soci
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CEPU
News
- Central Puerto 1Q24 Earnings Release [Yahoo! Finance]Yahoo! Finance
- Central Puerto 1Q24 Earnings ReleaseAccesswire
- Argentina Power Supplier Central Puerto Eyes Stake in McEwen's Copper Project [BNN Bloomberg (Canada)]BNN Bloomberg
- Central Puerto Announces Reporting Date for the First Quarter 2024 Financial Results Conference Call and WebcastAccesswire
- Central Puerto Files its 2023 Annual Report on Form 20-FAccesswire
CEPU
Sec Filings
- 5/14/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/6/24 - Form 6-K
- CEPU's page on the SEC website