Holdouts subpoena HSBC on Argentina's efforts to raise money abroad

Thursday, December 31st 2015 - 07:50 UTC

Full article 10 comments

Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday, as reported by Reuters. Read full article

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willi1
it´s so funny talking about settlement after 13 years talking about “never with me!”
Dec 31st, 2015 - 08:38 am - Link - Report abuse 0
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Conqueror
Isn't it about US$10 billion now? There goes half the “reserves”. Do hope the holdouts don't accept any “bonds”.
Dec 31st, 2015 - 12:40 pm - Link - Report abuse 0
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willi1
yes, about 10 billion. the good news is to get normal statements from the new government people, not this bullshit of ck and her gang. wait and cash.
Dec 31st, 2015 - 03:13 pm - Link - Report abuse 0
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Conqueror
Never mind about “negotiations”. PAY, PAY,PAY, PAY! Would it make “life” difficult? Nobody said argies were entitled to life. Let them PAY first. Then we might consider whether 2% should be allowed to survive.
Dec 31st, 2015 - 05:50 pm - Link - Report abuse 0
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Don Alberto
Never mind the US$10 billion, half the assumed reserves.
The bonds Argentina issued in October bear an interest of 8.9 percent.

The only sensible path for Argentina has for quite some time been to pay the holdouts and get the problem out of the way, thereby increasing the probability of borrowing on the international financial market and at the same time reducing future interests.
Dec 31st, 2015 - 10:17 pm - Link - Report abuse 0
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Marti Llazo
@2 ' Do hope the holdouts don't accept any “bonds”. '

Actually that is the likely path and one that is often used when dealing with this country. If Argentina owes you a great deal (and it certainly owes a great deal to a great many) it's unlikely to even dream of coughing up the greenbacks. So they give you some ephemeral paper which of course some future argento government is going to ignore. So yes, you take the paper with that seductively attractive 10 percent or so interest and as soon as the ink is dry you buy some press that says that Argentina has finally turned the page and that the tiger has convincingly changed its stripes and pigs will now fly and you sell immediately every stinking piece of argento paper to the naive and the unsuspecting who don't have the resources to take Argentina to court every week for the next two decades.
Jan 01st, 2016 - 02:43 pm - Link - Report abuse 0
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willi1
i will keep you up to date from time to time. i promised my wife a cruise to ushuaia...
Jan 01st, 2016 - 05:03 pm - Link - Report abuse 0
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chronic
@7. Who? On what? Your wife?
Jan 02nd, 2016 - 12:01 pm - Link - Report abuse 0
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ilsen
I find 'cruising' on Hampstead Heath to be quite profitable...
;-)
Jan 04th, 2016 - 12:46 am - Link - Report abuse 0
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CapiTrollism_is_back!!
@6

You are such a whinging moron it's pathetic. Never on this board have I seen a more bewailing, weakling post. Now start crying again...
Jan 04th, 2016 - 06:08 am - Link - Report abuse 0
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