Singer Makes 369% of Principal on Argentine Bonds in Debt Offer

  • Claims on Elliott's defaulted debt are $3.039b: court filing
  • Data filed Feb. 29 by Argentina's undersecretary of Finance

Paul Singer's 369% Principal Payday on Argentine Debt

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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