{"id":5639,"date":"2014-08-04T00:00:00","date_gmt":"2014-08-04T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/08\/argentina_defaults_misses_inte"},"modified":"2022-05-05T15:36:29","modified_gmt":"2022-05-05T20:36:29","slug":"argentina-defaults-misses-inte","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/argentina-defaults-misses-inte\/","title":{"rendered":"Argentina Defaults, Misses Interest Payment Deadline on $13B of Restructured Bonds"},"content":{"rendered":"\n

Argentina has gone into default after not getting a $539 million payment to bondholders. A default has been likely since a number of New York hedge funds, demanding that the South American nation pay them back in full for government bonds that defaulted in 2001, won their claims in court. <\/p>\n

A federal district court judge in Manhattan ruled in 2012 that Argentina could not keep regularly paying its main class of bondholders, without paying the hedge funds. They refused to accept new exchange bonds as a trade for the defaulted securities. The older bonds have far greater value. <\/p>\n

Among those \u201choldouts\u201d were individual investors and hedge funds, such as Aurelius Capital Management and Elliot Management\u2019s NML Capital. Billionaire Paul Singer owns Elliot Management. Argentina owes the hedge funds over a billion dollars. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Argentina has gone into default after not getting a $539 million payment to bondholders. A default has been likely since a number of New York hedge funds, demanding that the South American nation pay them back in full for government bonds that defaulted in 2001, won their claims in court. A federal district court judge […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-5639","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"\nArgentina Defaults, Misses Interest Payment Deadline on $13B of Restructured Bonds — Investor Lawyers Blog — August 4, 2014<\/title>\n<meta name=\"description\" content=\"Argentina has gone into default after not getting a $539 million payment to bondholders. A default has been likely since a number of New York hedge funds, — August 4, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/argentina-defaults-misses-inte\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Argentina Defaults, Misses Interest Payment Deadline on $13B of Restructured Bonds — Investor Lawyers Blog — August 4, 2014\" \/>\n<meta name=\"twitter:description\" content=\"Argentina has gone into default after not getting a $539 million payment to bondholders. 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