Statement of the Ad Hoc Committee of Province of La Rioja Bondholders [Yahoo! Finance]
Pampa Energia S.A. Pampa Energia S.A. (PAM)
US:NYSE Investor Relations:
ir.pampaenergia.com
Company Research
Source: Yahoo! Finance
In so doing, the Province became the only province in Argentina to default on its international debt since the restructuring period of 2020-21. While every other province with internationally-issued debt has made principal amortization payments and serviced its debt promptly, La Rioja stands out for its failure to respect its contractual obligations. This failure is particularly egregious in light of the fact that the proceeds of the Green Bonds were used to construct a series of wind parks, one of which was subsequently sold for US$171mm to Pampa Energia S.A. It is self-evident the Province indeed had the means to service its debt but chose not to. Following its default, the Province publicly commented it would pay the interest (but not the principal) due on February 24 as a "sign of good faith". Whilst good faith implies fulfilling contractual obligations in full (particularly in a case where bondholders' money has generated a valuable return for the Province), to date bondholde
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PAM
News
- Pampa Energía S.A. (NYSE: PAM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Pampa Energía S.A. (NYSE: PAM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Pampa Energia's Q4 Decoded, Still A Hold [Seeking Alpha]Seeking Alpha
- Pampa Energía S.A. (NYSE: PAM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Pampa Energia Announces Fiscal Year and Fourth Quarter 2023 ResultsAccesswire
PAM
Earnings
- 3/6/24 - Miss
PAM
Sec Filings
- 4/29/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/23/24 - Form 6-K
- PAM's page on the SEC website