Argentina Seeks Quick Bond Ruling at Appeals Court Hearing

Argentina urged an appeals panel to rule quickly on whether it can go ahead and repay its creditors, saying it can’t raise capital until it gets a decision.

“Today would be great,” Argentina’s lawyer Paul Clement told the panel Wednesday.

A ruling at the U.S. Court of Appeals in New York in Argentina’s favor would mean that South America’s second-largest economy could go ahead with a planned $15 billion bond sale. A group of funds that reached $4.65 billion in settlements with Argentina sought to keep injunctions barring repayments in place saying they won’t have any leverage to enforce the repayments without them.

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