Argentina has made on Wednesday a scheduled coupon payment on its 2038 Par bonds and paid interest on its 2015 Boden bonds, the Economy Ministry’s spokeswoman said. Investors are worried Argentina could trigger a technical default if a US appellate court rules against it in a case brought by “holdout” creditors suing for full repayment on bonds in default since 2002.
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.