Singer Makes 369% of Principal on Argentine Bonds in Debt OfferBy
Claims on Elliott's defaulted debt are $3.039b: court filing
Data filed Feb. 29 by Argentina's undersecretary of Finance
Perhaps the 15-year wait in Argentina was worth it after all for billionaire hedge-fund manager Paul Singer. While some details from the settlement reached earlier this week remain vague, this much is clear: His fund, Elliott Management, is slated to reap a payment on principal equal to about four times the face value of bonds it holds.
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