After Historic Singer Deal, Argentina Eyes $15 Billion Bond Sale
- Country plans to sell bonds to pay for creditor deals
- Argentina reached deal with biggest holdouts on Sunday
Paul Singer's 369% Principal Payday on Argentine Debt
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Argentina’s deal to put a bitter 15-year creditor saga behind it won’t come cheap.
On Sunday, the country agreed to terms with bondholders led by hedge fund billionaire Paul Singer over unpaid debts from its record $95 billion default in 2001. The settlement, which will let Argentina regain access to overseas bond markets, is the biggest, and arguably the most significant, in a string of creditor accords struck by President Mauricio Macri since he took office Dec. 10.