Argentina To Pay $500 Million To Resolve Debts

0
Argentina To Pay $500 Million To Resolve Debts

Argentina has agreed to pay around $500 million to resolve debts resulting from its default in the opening years of the twenty-first century. According to five separate agreements, which were signed by the country and several European and U.S. corporations, the bondholders will write down around 25 percent of the total $677 million they are owed, and receive $500 million in new Argentinian bonds.

Argentina To Pay $500 Million To Resolve Debts

Argentina defaulted on most of its publicly held debt at the end of 2001. The total default amounted to $132 billion, and it has been the source of dispute between the country and many of its bondholders since. The $677 million debt that has been resolved today is just a tiny part of the debt that Argentina originally defaulted on.

Bonhoeffer Fund July 2022 Performance Update

Screenshot 27Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%.   Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More