Mar
03
Hedge Funds in $4.65 Billion Argentina Bond Accord File Appeal
By-
U.S. judge Wednesday revoked injunctions barring bond payments
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Elliott, Aurelius, two others had asked judge for more time
The four hedge funds that reached a historic $4.65 billion settlement with Argentina on Monday over the nation’s defaulted bonds filed an appeal that may complicate a final resolution of the 15-year legal battle.
Paul Singer’s Elliott Management, Aurelius Capital Management, Bracebridge Capital and Davidson Kempner each filed papers saying they are appealing a judge’s order Wednesday that drops injunctions blocking Argentina from issuing new debt. The South American nation is seeking to raise money to pay those settlements and others, totaling $6.2 billion, with the goal of returning to international credit markets for the first time since 2001…
Hedge Funds in $4.65 Billion Argentina Bond Accord File Appeal
