Tag: holdout hedge funds

Tuesday, November 11th 2014 - 07:25 UTC
Griesa authorizes Citibank to pay restructured bonds under Argentine law

New York District judge Thomas Griesa has authorized Citibank to complete the transfer of 85 million dollars to holders of restructured Argentine bonds under Argentine law, meeting debt services that expire on December 31.
Sunday, November 9th 2014 - 10:35 UTC
Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.
Friday, November 7th 2014 - 23:08 UTC
English court involved in Argentine bonds dispute with hedge funds

A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law.
Thursday, November 6th 2014 - 07:22 UTC
Argentina and hedge fund NML Capital ratify their commitment to keep fighting

Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls.
Wednesday, November 5th 2014 - 03:43 UTC
Argentina appeals Judge Griesa's 'contempt of court' ruling

Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.
Thursday, October 30th 2014 - 21:36 UTC
Argentina tells bondholders to take legal action against Judge Griesa who is 'withholding funds'

Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.
Saturday, October 25th 2014 - 10:09 UTC
Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.
Saturday, October 25th 2014 - 10:02 UTC
Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.
Thursday, October 23rd 2014 - 05:57 UTC
US Appeals court sends Argentina back to Judge Griesa on BONY's case

A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.
Wednesday, October 8th 2014 - 03:50 UTC
Brazilian and Chinese banks support for Argentina in bonds litigation confirmed

Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.