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Wednesday, June 18, 2014

Elliot Management could accept Argentine bonds follow US Supreme Court rule

Elliot Management hedge fund, led by financial tycoon Paul Singer, could accept Argentine bonds in order to finish with the judicial dispute between the two parts, following US Supreme Court ruling last Monday.

An anonymous source who preferred to remain unnamed, revealed this possibility to Bloomberg news agency this afternoon. However, the article sustained that any resolution would “depend on the terms offered”.

Earlier today, President Cristina Fernández de Kirchner administration announced it is willing to negotiate during next week meeting with Federal Judge Thomas Griesa in New York.

The magistrate holds the final word on the matter.

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Tags:  Argentina  Vulture Funds  Paul Singer  Debt swap  US  Supreme Court  Griesa  CFK  





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