NML Urges Court Not to Delay Argentine Bond Payments
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Elliott Management Corp.’s NML Capital Fund and other holders of defaulted Argentine bonds urged a court not to allow the country to go forward with $3 billion in scheduled payments on restructured debt next month without paying them as well.
Lawyers for the bondholders yesterday asked U.S. District Judge Thomas Griesa in Manhattan to enforce rulings he made and delayed that would require Argentina to pay on its defaulted debt whenever it makes payments on the restructured debt.