Tag: defaulted bonds

• Friday, August 30th 2019 - 09:55 UTC

  No end to uncertainty: Argentine bonds plunge and the country risk soared to 2.276 points

  

  Argentine bond prices fell on Thursday and the country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on an estimated US$ 100bn in debt, raising fear of a full-blown financial crisis.

• Friday, March 4th 2016 - 07:02 UTC

  Paul Singer will have made a $2.4bn profit with the Argentine defaulted bonds

  

  Elliott Management Corp., a New York-based hedge fund that invested in distressed Argentine government bonds well over a decade ago, will have made a $2.4 billion profit on its wager once this week's settlement is finalized, the Wall Street Journal said.

• Monday, April 21st 2014 - 07:06 UTC

  Argentine bonds' case reaches US Supreme Court; support from Obama administration

  

  The US government will stand before the Supreme Court on Monday in support of Argentina's position in its ongoing legal fight with bond investors over a ruling which forces banks in New York, with which Argentina does business, to disclose information about the country's non US assets, as investors seek repayment.

• Saturday, December 7th 2013 - 06:08 UTC

  US government intervenes in favor of Argentina in defaulted-bonds ongoing case

  

  The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.

• Thursday, March 28th 2013 - 09:56 UTC

  Argentina prepared to offer suing ‘vulture funds’ a 25-year bond, says Ambito

  

  Argentina plans to offer suing “holdout” creditors a 25-year bond equal to the face value of their debt when the country defaulted in 2002, local financial daily Ambito Financiero reported on Wednesday.

• Tuesday, July 24th 2012 - 21:13 UTC

  US sides with Argentina in “pari-passu” controversy with defaulted bondholders

  

  Argentina asked a US federal appeals court to reverse lower-court rulings that could help creditors including Elliott Management Corp.’s NML Capital Fund collect on 1.4 billion dollars in defaulted bonds.