Case study on Sovereign Debt (Argentina)

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Argentina reaches deals with more holdout creditors
10 Mar 2016 06:39
[NEW YORK] Argentina reached repayment deals with more holdout creditors on Wednesday as it seeks to close the door on 15 years of litigation over its defaulted bonds.

Daniel Pollack, the New York court-appointed arbitrator in cases involving some US$9 billion in claims against the country, said settlement agreements were struck with hedge fund GMO (Boston), French bank BNP Paribas, and a number of individual investors worth a total of US$190 million.

That took to more than US$6.5 billion the amount Argentina has agreed to pay holdout creditors covered by the Pollack-led negotiations.

It was not clear how much more have not been addressed. Breaking with years of refusal by Buenos Aires to repay the holdout bondholders, at the beginning of February the new government of President Mauricio Macri offered US$6.5 billion to resolve their claims of US$9 billion.
...
AFP

Source: Business Times Breaking News
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RE: Case study on Sovereign Debt (Argentina) - by CityFarmer - 10-03-2016, 09:16 AM

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