Tuesday, April 21, 2015
Gov't dismisses holdout warnings over debt auction
The Economy ministry has dismissed claims by holdout investor NML Capital that the Bonar 24 titles scheduled to be auctioned today could fall under New York district judge Thomas Griesa's pari passu ruling, which limits Argentina's ability to service debt on restructured bonds.
The hedge fund, owned by billionaire Paul Singer, is a plaintiff in the ongoing legal battle against the nation over bonds that were not restructured in the 2005 and 2010 debt swaps. Today, NML asserted that the new titles "had every hallmark of external debt that is covered by our pari passu rights," a claim contradicted by a Ministry source.
The unnamed source assured ámbito.com that the bonds auctioned under Argentine jurisdiction could not be reached by Griesa's ruling, which has halted payment on those held under New York law.
The hedge fund, owned by billionaire Paul Singer, is a plaintiff in the ongoing legal battle against the nation over bonds that were not restructured in the 2005 and 2010 debt swaps. Today, NML asserted that the new titles "had every hallmark of external debt that is covered by our pari passu rights," a claim contradicted by a Ministry source.
The unnamed source assured ámbito.com that the bonds auctioned under Argentine jurisdiction could not be reached by Griesa's ruling, which has halted payment on those held under New York law.
Keine Kommentare:
Kommentar veröffentlichen