Argentina, holdout creditors discuss extension


An extension is now being discussed between Argentina and holdout investors, allowing the country to pay other bondholders first if the litigation between the two makes good progress before July 30.

Without a suspension on the order or court stay, Argentina will have to pay the $1.3B it owes to holdout creditors, before making a $900M bond payment next Monday. Should the country not make the payment, a 30-day grace period will take place before an actual default can be declared.

ETFs: ARGT

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  • Patent News
    , contributor
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    just a sham to avoid paying
    25 Jun 2014, 06:14 AM Reply Like
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