Tag: Aurelius Capital Management
Aurelius Capital ManagementUS hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit
Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.
Argentina prepared to offer suing ‘vulture funds’ a 25-year bond, says Ambito
Argentina plans to offer suing “holdout” creditors a 25-year bond equal to the face value of their debt when the country defaulted in 2002, local financial daily Ambito Financiero reported on Wednesday.
Argentina and ‘holdout hedge funds’ prepare for the final clash this week
The long-awaited showdown in a US appeals court this week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.
Argentina prepares for the ‘mother of all battles’ against ‘holdout’ bondholders
Argentina has made its final written arguments ahead of a February 27 US courtroom showdown against “holdout” bondholders demanding full payment of capital plus interests for sovereign debt from the default of more than a decade ago.
Holdout funds want Argentina to deposit 250m by December 10
Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending.
Investors holding restructured Argentine bonds also appealed Judge Griesa’s ruling
Investors holding 1 billion dollars worth of restructured Argentine debt said they also appealed to US District Judge Thomas Griesa’s ruling that they fear would trigger another default and prevent them from being paid principal and interest due on their bonds next month.
US Court rules against Argentina: all bondholders must be treated equally, including hold outs
US appeals court ruled Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.
