Argentina to tap cbank reserves for $9.8 bln to pay debt-gov't source

BUENOS AIRES, Sept 12 Thu Sep 12, 2013 11:49am EDT

Related Topics

BUENOS AIRES, Sept 12 (Reuters) - Argentina's government intends to use around $9.8 billion in central bank reserves to pay foreign currency-denominated debt, a government source told Reuters on Thursday.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see
Comments (1)
GermanHoldout wrote:
This would be for the Holdouts an acceptable solution:
I want on 01/01/2015 (the end of “Rights Upon Future Offers (RUFO)”) the capital of my bonds back to 100%. What could be negotiable, are the outstanding interest between 2002 and 2014.
The U.S. Supreme Court should as soon as possible (hopefully on 30/09/13) reject the Argentine complaint, and order immediate negotiations between Argentina and the Holdouts. The Argentine government and the holdouts should make still this year a binding agreement with respect to the time after (end of the “Rights Upon Future Offers (RUFO)” clause) with the advantage that seizure risks and a technical default would thus be averted.

Sep 13, 2013 8:21am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.