Argentina has lost an appeal over a $1.5 billion payment to hedge funds in a London court. The court rejected Argentina's attempt to avoid paying out €1.3 billion to bondholders for wrongly adjusting the way it calculates yields for government securities. Amid an economic crisis, the court ordered Argentina to pay $1.5 billion to four hedge funds that bought its GDP-linked securities. Unless Argentina secures permission to appeal to the Supreme Court, the case will be closed.
GDP coupon case: Argentina loses US$1.5 bn appeal in London The case will be closed unless Argentina secures permission to appeal to the Supreme Court ✍️ @FacundoIglesia https://t.co/SBd6xS5j9b
Amid a severe economic crisis, with billions of dollars in payments to foreign creditors looming, a London court ordered Argentina to pay $1.5bn to four hedge funds which bought its GDP-linked securities. https://t.co/AliZ8SiWHQ https://t.co/R5aciNzsWA
Argentina loses appeal over $1.5bn payment to hedge funds This is an interesting case https://t.co/BblWCkoamF
Argentina cannot avoid paying out €1.3 billion to bondholders for wrongly adjusting the way it calculates yields for government securities as a London appeals court rejected its construction of a contractual dispute. https://t.co/inYKVBs6tI https://t.co/h7qnJtjXFk
Argentina loses appeal over $1.5bn payment to hedge funds https://t.co/ufmjQWhvY3