The timing of Ecuador’s return to the Eurobond
markets in June was not without its irony. The deal came just a
day after the US Supreme Court threw out an appeal against a
lower-court ruling that Argentina should pay its holdout
creditors in full, almost ten years after the
sovereign’s $62.03 billion debt restructuring. The
ruling raised the prospect of a fresh default. But
Ecuador’s Eurobond — its first since its
own $3.2 billion default in 2008 — served as a
reminder that Argentina could nevertheless, in time, be
afforded renewed access...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.