Ex-Argentina Central Banker Allowed to File Bond Argument
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Alfonso Prat-Gay, a former governor of Argentina’s central bank, was granted permission by a U.S. appeals court yesterday to file a brief supporting his country’s effort to overturn a ruling that it must pay $1.33 billion to holders of defaulted bonds.
Prat-Gay, now a congressman representing Buenos Aires, said bondholders who haven’t sold the new bonds they received in a 2005 bond exchange have made a 58 percent profit, while Argentina’s per capita real GDP has risen 46 percent since 2005.