Argentina Agrees to Pay $1.35 Billion to Italian HoldoutsBy and
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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