World Business News

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Argentina debt repayment must be returned, says US judge

Zone(s): USA, Argentina ¦ Sector(s): Finance, Law

[27 June 2014, BBC News]  A US judge has ordered that a debt repayment made by Argentina to US bondholders be returned, calling the payment “an explosive action”. Argentina owes money to two sets of bondholders – those who have agreed a deal to restructure the debt, and those who have not. The judge previously ruled the country must pay both, but Friday’s payment was just to those who had agreed a deal.  He urged Argentina to negotiate a deal with the remaining bondholders.