Argentina Nears $5 Billion Accord With Major Bond Holdouts
- U.S. appeals court agrees to dismiss Argentina bond appeal
- Nation moves step closer to returning to credit markets
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Argentina is near a $5 billion bond settlement with the major holdout hedge funds led by Paul Singer’s Elliott Management, the funds’ lawyer told a panel of appellate judges as the nation takes another step toward reentering international credit markets after 15 years.
“We’re this close to a deal,” attorney Matthew McGill told the judges Wednesday at a hearing in Manhattan. “We are so close.”