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Argentina’s Euro Investors Appeal Ruling Freezing Funds

Holders of Argentina’s euro-denominated bonds said they’ll appeal a U.S. ruling barring the South American country from making interest payments on the notes until first paying $1.5 billion to a group of hedge funds.

The holders seek reversal of U.S. District Judge Thomas Griesa’s Aug. 6 ruling that a $539 million bond payment being held by Bank of New York Mellon Corp. must remain frozen until Argentina pays investors that refused its restructured debt. They filed a one-paragraph notice of appeal today in Manhattan federal court.