MercoPress. South Atlantic News Agency
Argentina confirms payment to bondholders at the end of September
Argentina will pay holders of its restructured sovereign debt, thanks to a bill passed by its Congress last week despite a US court ruling, the country's economy minister told a local radio show on Sunday. Read full article
Comments
Disclaimer & comment rulesThats the way to go Argentina , flouting international law, you have been warned that it is illegal, the legal system will take you to account when you try or pay the original bondholders outside USA jurisdiction, and not before.
Sep 15th, 2014 - 09:06 am - Link - Report abuse 0I still fail to see how they will have the bondholders record. Beyond the scenes they are feverishly demanding this information all the while telling the public they will make this payment.......sure they will when BNY turns this information over.
Sep 15th, 2014 - 09:35 am - Link - Report abuse 0The bond holders will never agree to accept their money through another bank because by doing so they are agreeing that the US has no jurisdiction. It would take at least some super majority to do so which they will not get, so all this rhetoric is just nonsensical and will have a high price with the public when it is known as such.
Sep 15th, 2014 - 09:50 am - Link - Report abuse 0What CFK and Austral Elvis did was illegal and against the terms of the bond agreements.
Sep 15th, 2014 - 10:41 am - Link - Report abuse 0It was solely for internal propaganda.
It will fail.
If they miss the Sept 30th payment they will be in cross-default and the holdins will accelerate.
Next year will be worse than this year.
Things are getting so bad and the end is so near that she has resorted to putting her fat kid on TV and going to see the pope. Nothing can save the country now. It will collapse. Peso at 20 by EOY.
Sep 15th, 2014 - 10:58 am - Link - Report abuse 0TMBOA still does not understand that other countries abide by the rules which includes abing by their own legal agreements whatever they are.
Sep 15th, 2014 - 11:29 am - Link - Report abuse 0Unless and until The Dark Country learns this lesson they will get nowhere at all other than looking what they are: a bunch of crooks.
We thinks she is trying to utterly confuse the world,
Sep 15th, 2014 - 12:32 pm - Link - Report abuse 0she confuses me, all this change/alter change,
she should either just pay the dam thing, or stand up, be proud and tell them all,
look we are broke, and cant pay, please send in the bailiffs.
just a thought.
I would feel more confident criticising Argentina had it been a European or Canadian Court. Uncomfortable as it might be to accept, US Courts are prejudiced against the foreigner, the foreign company and the foreign state.
Sep 15th, 2014 - 12:57 pm - Link - Report abuse 0I heard Venezuela is on the brink of default.
Sep 15th, 2014 - 01:26 pm - Link - Report abuse 0Looks like Argentina and Venezuela are racing to the bottom.
I love watching Marxism fail.
Love it!
@8
Sep 15th, 2014 - 01:57 pm - Link - Report abuse 0Argentina opted to use USA legal system, so whose to blame?
If the bathwater is too hot don't get in it. US courts aren't prejudiced they uphold the law whatever the country.
When a US Court legalises fraud by its citizens against a foreign Company, it loses legitimacy and respect.
Sep 15th, 2014 - 03:37 pm - Link - Report abuse 0“So there can be no talk of default”
Sep 15th, 2014 - 03:37 pm - Link - Report abuse 0If only things were so easy, in real life.
It will be interesting to see how much money, if any, ever gets paid this way.
@8 What would be the point? Argieland ignores European and Canadian courts as well. Project for you. Research how many court judgements argieland ignores. It's hundreds.
Sep 15th, 2014 - 03:43 pm - Link - Report abuse 0@9
Sep 15th, 2014 - 03:51 pm - Link - Report abuse 0“I love watching Marxism fail”
As ever it is always faux-Marxism as 'the people' are no more equal than in a capitalist society. I guess no money Pepe makes some effort, but name me a 'marxist' leader that doesn't live in a huge palace and drive around in a big motor, with wads full of money hidden away so they don't have to live like their 'beloved people and equals' There are few Marxist leaders that are not megalomaniacs. Look at that twat who rules North Korea.
That's not what Marx had in mind.
Well, I beg to differ in opinion with the group and completely agree with #8 Englander...
Sep 15th, 2014 - 04:15 pm - Link - Report abuse 0CFK's government is directly trying to service her nation's debt with honor, dignity, fairly and justice. Yet, despite all her good will and enormous efforts that have caused a brutal sacrifice of the Argentinian people, she is now being blocked from making payments to bond holders due to a carefully coordinated conspiracy led by Argentina's enemies, using their stooges including the International Monetary Fund managing director Christine Lagarde, Paul Elliott Singer, owner of the vulture hedge fund Elliott Management Corporation, and Thomas Griesa, a federal judge for the United States District Court. All carefully orchestrated by an unduly influential elite cabal that operates through many front organizations financed by the Rothschilds.
Cristina should learn from her errors and form a new economical bond issuing alliance, that will offer the confidence for future bond purchasers to know that their financial security is not in the hands of the outrageously corrupt American courts.
Imagine a new world order, with a international Andean bond assurance organization, made up by Ecuador, Bolivia, Venezuela and Argentina. Each member would cross collateralize each other's debt, and all legal issues would be determined at their organizational headquarters at Isla Margarita.
Well this will be the turning point in the whole saga if it goes ahead.
Sep 15th, 2014 - 04:22 pm - Link - Report abuse 060/40 It works. Lols may very well ensue yet.
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Sep 15th, 2014 - 04:24 pm - Link - Report abuse 0Hash: SHA1
at 2
You are a totally dumb yank. You do not understand how bonds work. Repeat after me. The trustees do not have the names of the bond holders. They never have. The depositories have these. The trustees only pay the nominees. BNY has already written that the money is in Europe but they have refused to pay. They are a European bank and the yank judges order is illegal in Europe. BNY cannot refuse to pay because of the anti vulture laws. An English judge is going to tell the trustees they must pay or contempt of court. End of story. The people who are going to loose are the yank bondholders because their depository is a yank company. Their money is going to be stolen by the highway robber singer. Another yank Wall St banker robbing honest hard working americans. Not a new story.
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@15
Sep 15th, 2014 - 04:33 pm - Link - Report abuse 0You keep forgetting the Islanders part in that grand conspiracy theory.
Many of them have the surname “Rothchilds”.
Puffs of smoke regularly appear from behind the “Grassy Knolls”, just behind the Army firing range.
Don’t forget the Griesa Penguins common in that part of the world. Although I am led to believe that they are neither Stealth nor Nuclear tipped.
There is one problem the resolution of which escapes me. Exactly how does Argentina intend to pay its obligations in USD? Will the bondholders - if is possible for Argentina to identify them - accept Argentina's payment method?
Sep 15th, 2014 - 04:35 pm - Link - Report abuse 0If I were to receive a cheque drawn by Argentina at this moment of time I would have to wait for the value to be cleared and in order for this to happen the funds have to be available in the bank on which it is drawn. If this is a bank in Argentina what guarantee have I that it would be paid. It is not going to work!
@17 Hepatia
Sep 15th, 2014 - 04:43 pm - Link - Report abuse 0Ha, ASw=e4rtrGGHY^6~’:}:lO{UUytrg7hy!y/99O+klYTv|?bc3X?/sw3G^.
L74$Lo5Q%6Gh.????
#18 Pugol-H
Sep 15th, 2014 - 04:58 pm - Link - Report abuse 0What may frighten Cristina as well are the Lagarde Gurkas, who constantly sharpen their Kukri knives, and my favorite stealth weapon: Singer Skuas trained to drop bomb fresh guano on any female entering or departing the Casa Rosada.
By the way, there are also numerous Medici, Vanderbilt and Rockefeller surnames in the Falkland Island telephone book.
#17 hep c/british bomber
Sep 15th, 2014 - 05:07 pm - Link - Report abuse 0hash tag////....fuckoffyoumoron
star date 21:25:2626905
I am not even going to insult you anymore hep c, you do that sufficiently so all by yourself. Argentines as yourself have an effective way of making themselves look foolish and incompetent without any help. That being said.....watch what happens when 9/30 comes. LOLOLOLOLOLOLOL .
We will just have to wait and see if an American incorporated bank will violate Federal district judges order.....let me think long on this..NOT!!!!!!!!!!!!! I really want to insult you but I will have to wait until you do it on your next post......hurry now!!!
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@21 Chicureo
Sep 15th, 2014 - 05:12 pm - Link - Report abuse 0Ahhh, so that is where they have all been hiding!!!
Not to mention the Vatican Bank has a branch in Stanley, where they secretly keep the Holy Grail.
Which many people mistakenly think is a “cup”, but is in fact a Golden Sheepskin, or fleece.
Cristinita can sign any amount of her ridiculous beliefs into Law, she can choose to pay whoever she wants under her newly-established 'autonomy', but she will NOT be able to restore the lost faith in the Argentine. If her objective was to regain confidence of the international banking community, she'll fail miserably ...once again.
Sep 15th, 2014 - 05:14 pm - Link - Report abuse 0# 23 Pugol
Sep 15th, 2014 - 05:54 pm - Link - Report abuse 0Fascinating about the Golden Fleece...
You obviously know that the Knights of Malta have a new consulate in Stanley and that besides the Vatican Bank, there also are banking branches from Monaco, San Marino, Liechtenstein and Andorra. (A group of Luxembourg banks are still waiting until serious oil production starts.) Perhaps you can confirm that the entire rumored Falklands Financial Centre designed by Sir Norman Foster, actually appears from the air as a penguin rookery.
@25 Chicureo
Sep 15th, 2014 - 06:24 pm - Link - Report abuse 0As I understand it, it has been camouflaged to look like a military base, replete with runways.
Ever since CFK waved a list of migratory bird species at David Cameron, they have stayed away from potentially un-trustworthy avians.
#26 Pugol
Sep 15th, 2014 - 06:48 pm - Link - Report abuse 0Then, the actual military base has been camouflaged to look like a penguin rookery, replete with animatronic penguins on the roof? Absolutely brilliant!
17 Hepatia
Sep 15th, 2014 - 06:58 pm - Link - Report abuse 0PGP==is this PG Tips
do not understand how bonds work=everybody knows how the double oos work..lol
English judge==no such thing.
iQEVAwUBVBc==N/A
.
@ 27 Chicureo
Sep 15th, 2014 - 07:58 pm - Link - Report abuse 0But, but how can you leave out Cuba from such an august body?
Or you could make it a September body if you wish.
:o)
I guess you guys weren't paying enough attention on a Saturday a couple of months ago when Chicur spontaneously morphed. [A multi-personality psychotic episode.]
Sep 15th, 2014 - 08:07 pm - Link - Report abuse 0I didn't forget, Smeagol.
lol.
rotting roadkill - bad
rule of law - good
The economist and professor Arturo Porzecanski said the United Nations should not be the solution for a “dishonest debtor” as Argentina as the central problem of the country is “the attitude of their rulers.”
Sep 15th, 2014 - 08:08 pm - Link - Report abuse 0http://www.cronista.com/economiapolitica/Porzecanski-la-ONU-no-es-la-solucion-para-un-deudor-deshonesto-como-Argentina-20140915-0065.html
#29 & 30
Sep 15th, 2014 - 09:21 pm - Link - Report abuse 0Few are appreciating my satire...
The Grand Duchy of Fenwick remains in turmoil...
Could someone explain the need for 4 rates for the $US
Sep 15th, 2014 - 10:06 pm - Link - Report abuse 0Informal rate 14.45
Blue Chip 13.28
Stock exchange 13.54
Banks and exchange 8.42
I seriously do not understand why 4 rates
@9 yankeeboy
Sep 15th, 2014 - 10:12 pm - Link - Report abuse 0keep watching. Harvard Professor has called for Venezuelan Default
Now on Twitter death list by Chavista morons.
Yet the Boligarchs don't care.
Quite possibly Venezuela could default on only $4.5 Billion and it could be next month.
Watch this space!
@25
I'm still 'banking' on the Stealth Penguins!
Sorry, bit busy in the City. Not much time to post at the moment. Got some new business.
32. Me thinks you protest a little to much. Obscure Q bomb? It is you, Smeagol.
Sep 15th, 2014 - 10:16 pm - Link - Report abuse 0-----BEGIN PGP SIGNED MESSAGE-----
Sep 16th, 2014 - 09:13 am - Link - Report abuse 0Hash: SHA1
The argies are moving. This payment will make the order by the English judge easier to happen. We are the 93%.
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#36 hep c/british bomber
Sep 16th, 2014 - 10:01 am - Link - Report abuse 0hash tag////....fuckoffyoumoron
You Argentines are looking so foolish now. Nobody is going to help you. Do you think an American bank is going to pay the money? You are stupid if you think it will.
LOLOLOLOLOLOLOL .
Cannot wait for your next post .... hurry now!!!
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Hear that sound? Hepatia has finally hit the rev limiter. Gender dysphoria? Spontaneous Troll Implosion ? Psychiatric treatment is recommended. Promptly.
Sep 16th, 2014 - 10:18 am - Link - Report abuse 0It looks like running multiple Troll Id's has brought on true schizophrenia to Hepatia
Sep 16th, 2014 - 08:56 pm - Link - Report abuse 0LOL !!!
It's no more than what you are doing....with MM....in that persona you actually think you are English...but descended from Robert the Bruce.....
Sep 16th, 2014 - 11:43 pm - Link - Report abuse 0Oh dear... all hail King Troy....descended from Kings.....Royal is my Blood....
Friggin nutcase....
40
Sep 17th, 2014 - 02:00 am - Link - Report abuse 0Ahem,
you're ranting...
As is Kickitoff. ;)
Sep 17th, 2014 - 04:55 am - Link - Report abuse 0Normally I am not in such a rush to hurry September along. But I am looking forward to see this payment drama unfold.
Sep 17th, 2014 - 09:55 am - Link - Report abuse 043. Me too. What are they going to say, here's your money come get it?
Sep 17th, 2014 - 12:06 pm - Link - Report abuse 0I think their water is poisoned.
Maybe I can claim to be a bondholder, because they are getting that information from no one else.
Sep 17th, 2014 - 03:53 pm - Link - Report abuse 0Commenting for this story is now closed.
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