Printer Friendly

-US judge orders NY hedge funds to respond to Argentina's debt offer.

Global Banking News-April 4, 2013--US judge orders NY hedge funds to respond to Argentina's debt offer(C)2013 ENPublishing -

Global Banking News - 04 April 2013

Two New York hedge funds that had not participated in earlier restructuring moves, have been ordered by the court to respond to the latest offer by Argentina to repay debt under new conditions.

Argentina has offered creditors an option to receive bonds equivalent to value of debt or discounted bonds. The debt is valued to be around USD1.33bn. The hedge funds that have been offered the options are NML Capital and Aurelius Capital Management.

The president of Argentina, Cristina Kirshner, said that she was willing to re-extend the restructuring terms of 2005 and 2010 to the two hedge funds.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Geographic Code:1U2NY
Date:Apr 4, 2013
Previous Article:-Gibraltar keen to become hedge fund hub.
Next Article:-Obama Administration to delay SHOP.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters