Argentina Agrees to Pay $1.35 Billion to Italian Holdouts

Updated on
  • Agreement covers 50,000 holders of $900 million in bonds
  • Italian group had sought $2.5 billion in compensation

Argentina agreed to pay $1.35 billion in cash to a group of Italian investors who hold its defaulted bonds, marking the first time the Latin American nation has reached an accord with holdout creditors who refused to participate in earlier restructurings.

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