Friday, October 26, 2012
Price of Argentine global bonds plunge after US court decision
The price of Argentine global bonds maturing in 2017 fell more than 13 percent after a US appeals court said Argentina improperly discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.
Bonds were declining to $87.50 in the Buenos Aires' over-the-counter market.
Bonds were declining to $87.50 in the Buenos Aires' over-the-counter market.
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