Argentina Vows to Defy Court Order

Argentina Vows to Defy Court Order

Argentina Bonds Economy & Policy

Argentina plans to challenge a US judge's ruling in an appeals court, its economy ministry says, after the sovereign was ordered last week to pay $1.3bn to its holdout creditors and not to pay other bondholders until it satisfies this judgment. The government has reiterated its vows not to pay “vulture” funds, but last week's order could complicate the process by which Argentina pays creditors who accepted its 2005 and 2010 bond swaps. Argentina has coupon payments due in December to these holde

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