Argentina Nears $5 Billion Accord With Major Bond Holdouts

  • U.S. appeals court agrees to dismiss Argentina bond appeal
  • Nation moves step closer to returning to credit markets

Argentina is near a $5 billion bond settlement with the major holdout hedge funds led by Paul Singer’s Elliott Management, the funds’ lawyer told a panel of appellate judges as the nation takes another step toward reentering international credit markets after 15 years.

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