MercoPress, en Español

Montevideo, June 27th 2019 - 08:58 UTC

 

 

European holders of swapped Argentine bonds willing to accept removal of the RUFO clause

Friday, August 22nd 2014 - 07:33 UTC
Full article 5 comments

European investors holding 5.2 billion dollars of restructured Argentine bonds are negotiating the removal of the Rights Upon Future Options (RUFO) clause that Argentina claims prevents them from negotiating with holdout funds, it was reported in the Buenos Aires media. Read full article

Comments

Disclaimer & comment rules
  • chronic

    RUFO is a red herring.

    Aug 22nd, 2014 - 02:08 pm - Link - Report abuse 0
  • Rick from Maryland

    “Bondholders who accept (the swap) will have gain, and clear, certain recovery chances,” the official added.

    Chances?
    So... you accept the swap and then have a clear and certain CHANCE to recorver?

    Aug 22nd, 2014 - 03:43 pm - Link - Report abuse 0
  • 4n conTroll

    RUFO was the greatest thing given to Argentina. Just a good example of the NorthAmoans and EUians putting just one too many legalities in their agreements, making them impracticable.

    Aug 22nd, 2014 - 05:20 pm - Link - Report abuse 0
  • chronic

    3. RUFO isn't applicable to involuntary offers.

    An offer pursuant to Griesa's edict is - of course - involuntary.

    Surely, even you aren't so illinformed and partisan so as to persist in this misinformation. I believe that there amy be redemption yet for your trouble soul. Would you like to confess your lies and put this saga behind you. The truth will set you free.

    Aug 22nd, 2014 - 06:12 pm - Link - Report abuse 0
  • Briton

    Bondholders who accept (the swap) will have gain, and clear, certain recovery chances,”

    legal jargon for--if you accept this, you will get nothing,

    Aug 22nd, 2014 - 06:31 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!