Tag: Vulture funds

• Saturday, December 15th 2012 - 21:06 UTC

  Argentina pays GDP-linked bonds; Central bank reserves fall to lowest since 2007

  

  Argentina made payments of over 3.5 billion dollars on Friday in GDP-linked bonds which refer to the 2005 and 2010 rescheduling agreed with creditors who originally held 2001/02 defaulted sovereign bonds. At the same bank the Central bank revealed that international reserves have fallen to its lowest since 2007.

• Saturday, December 15th 2012 - 16:57 UTC

  Law of the Sea court orders ‘immediate’ release of ARA Libertad

  

  The UN International Tribunal for the Law of the Sea ordered on Saturday the release of ARA Libertad, the Argentine naval training ship which has been detained in Ghana since October at the request of holders of defaulted Argentine state bonds.

• 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.

• Thursday, December 6th 2012 - 07:57 UTC

  Brazil anticipates Mercosur summit will confirm Paraguay’s suspension stands

  

  Paraguay must continue suspended from Mercosur following the group’s presidential summit on Friday, anticipated the head of the Latin American desk from the Brazilian Foreign ministry, Antonio Jose Ferreira Simoes.

• 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.

• Saturday, December 1st 2012 - 07:25 UTC

  Unasur summit rejects Falklands’ referendum and wants to limit ‘vulture funds’

  

  The Union for South American Nations (Unasur) agreed to limit the actions of ‘special situation funds’ (hedge funds or ‘vulture funds’) and categorically rejected a referendum that will take in place in the Falkland Islands in March to decide the political status of the archipelago, during the summit that took place in Lima.

• Tuesday, November 27th 2012 - 22:54 UTC

  Argentina will make a plea at the Unasur summit to jointly face ‘vulture funds’

  

  During a ceremony to receive visiting Peruvian leader Ollanta Humala Argentine President Cristina Fernández said that she would make a plea for Unasur members to come together in the fight against ‘vulture funds’ (hedge funds) when the region’s leaders meet this week in Lima.

• Monday, November 26th 2012 - 19:35 UTC

  The Chicago Tribune on the bonds dispute: ‘Cry for yourself, Argentina’

  

  The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.

• Monday, November 26th 2012 - 07:30 UTC

  Crucial week for Argentina’s bonds’ dispute with ‘technical default’ fears looming

  

  The Argentine government will appeal on Monday the New York federal court ruling from Thomas Griesa which orders the country to pay 1.3billion dollars to the investment funds which held out from the (2005 and 2010) restructuring of the 2002 defaulted sovereign debt.

• Tuesday, November 20th 2012 - 00:02 UTC

  Argentina “will not enter in default” and will honour all re-scheduled bonds

  

  “The only possibility” Argentina contemplates regarding its debt is “to honour all payments” of creditors that entered debt swaps after the sovereign default of 2001, said Economy minister Hernan Lorenzino who underlined that Argentina “cannot and will not enter in default”.