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 rulesRUFO is a red herring.
Aug 22nd, 2014 - 02:08 pm - Link - Report abuse 0“Bondholders who accept (the swap) will have gain, and clear, certain recovery chances,” the official added.
Aug 22nd, 2014 - 03:43 pm - Link - Report abuse 0Chances?
So... you accept the swap and then have a clear and certain CHANCE to recorver?
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 03. RUFO isn't applicable to involuntary offers.
Aug 22nd, 2014 - 06:12 pm - Link - Report abuse 0An 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.
Bondholders who accept (the swap) will have gain, and clear, certain recovery chances,”
Aug 22nd, 2014 - 06:31 pm - Link - Report abuse 0legal jargon for--if you accept this, you will get nothing,
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!