NEW YORK: Argentina cannot pay some bondholders while refusing to pay $6.1 billion in claims by creditors who refused to swap their bonds for steeply discounted replacements in South American nation after it defaulted in 2001 on $100 billion in bonds, a judge said on Friday. US District Judge Thomas Griesa’s ruling means Argentina would owe $8 billion to creditors who refused swaps that were accepted by about 93 per cent of Argentina’s bondholders in 2005 and 2010.
A version of this article appears in print on November 01, 2015 of The Himalayan Times.
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