Tag: Thomas Griesa

Saturday, April 20th 2013 - 08:39 UTC
US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.
Thursday, April 4th 2013 - 02:47 UTC
Argentine defaulted bond-holders have until 22 April to respond to the proposed payment plan

A US appeals court gave holders of defaulted Argentina debt three weeks to respond to the country’s proposed plan to pay them much less than the 1.33 billion dollars they have sued to collect.
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.
Friday, March 1st 2013 - 14:21 UTC
Markets fear Argentina could be en route to a ‘technical’ default

“We are representing a government, and governments will not be told to do things that fundamentally violate their principles” lawyer Jonathan Blackman told the Manhattan US appeals court.
Thursday, February 28th 2013 - 06:13 UTC
Argentina urges ‘workable’ solution from US appeals court to dispute with holdout bondholders

Argentina's defence urged a US appeals court on Wednesday to come up with a “workable” solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.
Thursday, February 14th 2013 - 01:47 UTC
New York court agrees to hear bank that supports Argentina in debt restructure case

A New York federal appeals court has agreed to hear from more parties potentially affected by its review of a decision requiring Argentina to pay 1.33 billion dollars to bondholders who did not participate in two debt restructurings.
Monday, February 4th 2013 - 04:51 UTC
Argentina prepares for the ‘mother of all battles’ against ‘holdout’ bondholders

Argentina has made its final written arguments ahead of a February 27 US courtroom showdown against “holdout” bondholders demanding full payment of capital plus interests for sovereign debt from the default of more than a decade ago.
Saturday, February 2nd 2013 - 20:07 UTC
Argentina lashes back at the IMF but announces new CPI for this year

Following Friday’s IMF ‘declaration of censure’ on Argentina because of the lack of reliability in its inflation and GDP stats, and the country’s first reaction virtually describing the Fund as mother of all financial evils, Minister of Economy Hernan Lorenzino announced a new ‘national’ Consumers Prices Index to be implemented in the course of this year and which will replace the current GBA-IPC.
Friday, December 14th 2012 - 05:15 UTC
Argentina announces payments of over 3.5bn dollars in GDP-linked bonds

Economy Minister Hernán Lorenzino announced on Thursday Argentina will be making payments for more than 3.5 billion dollars in GDP-linked bonds, at the Economy Ministry.
Lorenzino presented the payment as a triumph against the hedge-funds.
Wednesday, December 5th 2012 - 00:07 UTC
US court rules in favour of Argentina: denies security deposit requested by hedge funds

US appeals court refused to order Argentina to post a security deposit of at least 250 million dollars while it seeks to overturn a lower court ruling that orders it to pay holdout investors 1.33 billion.