Tag: Argentine bondholders

• Wednesday, February 17th 2016 - 11:11 UTC

  Pollack announces a new settlement with Argentine bondholders

  

  The court-appointed mediator in the bonds dispute says Argentina has reached a settlement with bondholders seeking about 1% of the US$10 billion being pursued by investors. Mediator Daniel Pollack announced on Tuesday in New York the deal in the class action case. The deal came nearly two weeks after he announced two of six leading bondholders settled claims for more than US$1 billion.

• Wednesday, February 3rd 2016 - 07:23 UTC

  Argentina agrees to pay Italian bond holders including “a reasonable interest”

  

  Argentina announced Tuesday that it reached a $900 million preliminary accord to settle its pending debt with 50,000 Italian holders of defaulted Argentine government bonds. Finance minister Alfonso Prat-Gay said that the agreement with Italian bondholders includes the Argentine government's acknowledgement of the debt “and reasonable interest”.

• Wednesday, January 20th 2016 - 06:23 UTC

  Without dropping Falklands claim, Macri wants “a new era” in relations with UK

  

  Argentina's new president, Mauricio Macri, says he wants to start “a new era” in relations with Britain, long strained by the two nations' dispute over the Falkland Islands, according to remarks published Tuesday.

• Saturday, October 31st 2015 - 07:04 UTC

  Griesa accepts 'me too' claims and raises Argentina's bond debt to US$ 9bn

  

  US judge Thomas Griesa on Friday accepted the priority repayment claims of hundreds more Argentine bondholders who did not join a huge debt restructuring. The ruling, on 49 complaints representing debt worth $6.1 billion, added fresh pressure on Buenos Aires which has refused to pay off two hedge fund creditors that already won court support for their claims.

• Saturday, October 24th 2015 - 08:40 UTC

  Holders of Argentine Euro bonds demands BONY services debt or faces lawsuit

  

  Investors holding euro-denominated Argentine bonds, including billionaire George Soros, called on trustee Bank of New York Mellon yesterday (BONY) to turn over its duties to state-owned Banco Nación so they can get paid the 225 million euros currently frozen by United States District Judge Thomas Griesa’s orders.

• Friday, October 23rd 2015 - 08:39 UTC

  Judge Griesa rules in favor of 'me too' Argentine bond holders suing for full payment

  

  U.S. judge ruled on Thursday that holders of $234 million in defaulted Argentine bonds suing for full payment had been treated unequally to creditors who had participated in the country's past restructurings.

• Tuesday, October 6th 2015 - 07:28 UTC

  Victory for Argentina in its ongoing battle with speculative funds

  

  The 2nd US Circuit Court of Appeals in New York refused on Monday to force Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited in 2014 to pay creditors who participated in its past restructurings.

• Thursday, September 17th 2015 - 08:32 UTC

  Appeals court hands victory to Argentina in bonds dispute; questions Judge Griesa's 'class' expansion

  

  A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.

• Saturday, June 6th 2015 - 08:00 UTC

  Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

  

  Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.

• Friday, April 24th 2015 - 07:36 UTC

  CFK from the Kremlin praises Russia's support for Falklands/Malvinas sovereignty claim

  

  President Cristina Fernandez, CFK, on an official visit to Russia met at the Kremlin with Vladimir Putin and praised Moscow’s support to Argentina in the dispute with the United Kingdom over the sovereignty of the Falklands/Malvinas Islands as well as in the legal battle against speculative funds suing the country over its defaulted bonds.