Argentina to meet again with debt mediator, bonds rise

Comments (2)
Bob9999 wrote:

The real story appears to be that the majority of holders of Argentine bonds were required to accept a 70% write-down, and now Argentine (a la Bernie Madoff) is saying, “I’m the victim here.”

Jul 08, 2014 2:35pm EDT  --  Report as abuse
RichardJR wrote:

They agreed to accept the write-down. Others bought bonds for pennies on the dollar that were sold by those that had not accepted the write-down, and now the purchasers are trying to make Argentina pay full face value plus interest on those bonds they purchased, knowing full well at the time that most of the bond holders had already accepted the write down deal.

Jul 08, 2014 3:16pm EDT  --  Report as abuse
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