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Argentina Nears Market Return as Bond Payment Ban Lifted

  • Ruling signals end to nation's 15-year battle with hedge funds
  • Remaining holdouts can appeal but face uphill court fight
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Argentina is on the cusp of returning to the international credit markets after being shut out for 15 years.

A New York judge paved the way for South America’s No. 2 economy to once again borrow money internationally with an order formally ending injunctions that blocked the nation from paying its restructured debt or issuing new bonds. The move follows years of bitter litigation between Argentina and its unpaid debt holders, led by Paul Singer’s Elliott Management.