NY Court Eyeing Argentine Swap Offer in Debt Case
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A New York court ordered Argentina on Friday to explain how it would issue new bonds rather than comply with a $1.3 billion cash judgment to resolve debts unpaid for more than decade.
Two days after a key oral hearing in NML Capital Ltd. vs Argentina, the appellate judges asked just how, when and at what interest rate Argentina would pay installments on these new bonds.
President Cristina Fernandez had long vowed never to pay anything to the plaintiffs Read more [...]