Sep 17, 2014
Sep 10, 2014

Argentina says U.N. vote vindicates its debt fight against ‘vultures’

BUENOS AIRES, Sept 10 (Reuters) – The Argentine government
said Wednesday that its refusal to repay a group of U.S. hedge
funds that stand to profit on the country’s defaulted debt was
vindicated by the United Nations’ support for a multilateral
plan handling bond restructurings.

The lengthy legal battle between Argentina and the
investment funds that snapped up its bonds on the cheap after
its record 2002 default and are suing for 100 cents on the
dollar led to the Buenos Aires government defaulting again in
July.

Aug 22, 2014

Argentina slams U.S. Judge Griesa for ‘imperialist’ attitude

BUENOS AIRES (Reuters) – Argentina on Friday accused the U.S. judge who called the country’s new debt restructuring plan illegal of making “imperialist” comments against the South American nation.

Latin America’s No. 3 economy tipped into its second default in 12 years in July after U.S. District Judge Thomas Griesa blocked payments to holders of debt issued under U.S. law that was restructured following its record default in 2002.

Aug 20, 2014

Argentina’s default strategy raises debt acceleration risk

BUENOS AIRES (Reuters) – Argentina’s plan to restructure its external debt to skirt a U.S. ruling that prevented it paying its creditors boosts the risk of investors demanding the accelerated payment of their bond holdings.

Its second default in little over a decade opened Latin America’s No. 3 economy to the possibility of creditors declaring the principal value of their bonds and interest due immediately – a process known as acceleration.

Aug 8, 2014

Argentina holds zero hopes of quick debt fix by U.S. judge

BUENOS AIRES, Aug 8 (Reuters) – Argentina has no
expectations that the U.S. judge at the center of its debt
battle with holdout investors that has plunged the country into
default will take steps to help resolve the saga, a senior
government minister said on Friday.

Argentine Cabinet Chief Jorge Capitanich said U.S. District
Judge Thomas Griesa could suspend his ruling that orders
Argentina to pay in full New York hedge funds before it resumes
payments on a separate stock of bonds on which Buenos Aires is
now considered by financial markets to be in default.

Aug 8, 2014

U.S. judge still has opportunity to suspend debt ruling: Argentina

BUENOS AIRES (Reuters) – Argentina has no expectations that the U.S. judge at the center of its debt battle with holdout investors that has plunged the country into default will take steps to help resolve the saga, a senior government minister said on Friday.

Jorge Capitanich, Argentina’s cabinet chief, said U.S. District Judge Thomas Griesa still had the opportunity to suspend his ruling that orders Argentina to pay in full the New York hedge funds that previously refused to restructure their bonds before it resumes servicing its performing debt.

Aug 7, 2014

Argentina bonds, stocks firm on possible deal to exit default

BUENOS AIRES, Aug 7 (Reuters) – Argentine bond prices and
stocks firmed on Thursday, with news that international banks
may be close to a deal to buy debt from holdout creditors that
would resolve its debt crisis.

The creditors are considering an offer from Citigroup,
JP Morgan, HSBC and Deutsche Bank of
80 cents on the dollar for their roughly $1.66 billion of
Argentine debt, Thomson Reuters IFR reported on Wednesday.

Aug 7, 2014

Argentine bonds and stocks firm on possible deal to cure default

BUENOS AIRES, Aug 7 (Reuters) – Argentine bonds and stocks
extended gains on Thursday, with news that international banks
may be close to a deal to buy debt from holdout creditors,
bolstering investor optimism that Latin America’s No.3 economy
would soon cure its default.

The creditors are considering an offer from Citigroup, JP
Morgan, HSBC and Deutsche Bank of 80 cents on the dollar for
their roughly $1.66 billion holdings of Argentine debt, Thomson
Reuters IFR revealed on Wednesday.

Aug 1, 2014

Argentina skeptically awaits debt default court hearing

BUENOS AIRES, Aug 1 (Reuters) – Argentina’s government said
on Friday it expected nothing favorable to come out of a court
hearing in New York later in the day in its debt default case,
as the country’s domestic markets looked to optimism for an
eventual deal.

Latin America’s No. 3 economy defaulted on its debt for the
second time in 12 years after failing to cut a deal with holdout
creditors suing it for full payment on bonds bought at a steep
discount after a $100 billion debt default in 2002.

Aug 1, 2014

Argentine markets fall post-default, New York hearing on Friday

BUENOS AIRES (Reuters) – Argentina’s bond and stock markets and peso currency dropped on Thursday after Latin America’s No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks with holdout creditors.

The default came after Argentina failed to strike a deal with lead holdout investors NML Capital Ltd, an affiliate of Elliott Management Corp and Aurelius Capital Management, in time for a midnight Wednesday EDT (0400 GMT) payment deadline.