June 6, 2015

Griesa: Other ‘vultures’ owed US$5.4B

Judge again rules against Argentina, increasing country’s ‘vulture’ debt to US$7B

Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, United States Judge Thomas Griesa ruled yesterday, making the country’s debt with the holdout funds soar to US$7 billion following his previous order to pay Elliott and Aurelius Management US$1.6 billion, including interest. Read more.

Buenos Aires Herald

Related,
‘Vulture funds’ will continue to rankle countries for a decade - Buenos Aires Herald

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