Argentina settles defaulted Samurai bonds

Argentina settles defaulted Samurai bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Asset Management Regulation Politics Argentina

Argentina has agreed to pay ¥2.8bn ($25m) to holders of four series of defaulted bonds in Japanese yen. "The settlement represents a keystone in the republic's efforts to normalize relationships with the international financial markets, putting an end to the Samurai bonds default," Argentina's legal representative, Cleary Gottlieb, said in a statement. The government plans to pay the bondholders by the end of June. Before the settlement, Argentina had ¥1.88bn in outstanding Samurai bonds. The

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