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Argentina: new bonds arrive for 15 billion

The New York Court of Appeals upheld the decision to overturn the injunction that prevented Buenos Aires from paying some of its creditors, which had led the country to default in 2014

Argentina: new bonds arrive for 15 billion

Argentina will be able to issue new government bonds for 15 billion dollars. It is the effect of a sentence by the Court of Appeals of New York, which upheld the decision of a court in the American city which had ruled to quash an injunction which prevented Argentina from paying certain of its creditors, which it had brought the country into default in 2014.

After ten years, therefore, Argentina will be able to return to the international financial market. The battle between the holdout creditors and Argentina, which arose after the collapse on a debt of more than 95 billion dollars, had deprived the country of the possibility of issuing bonds.

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