Bid/ask: Ar­gentina’s debt deal; Bar­clays wants out of Africa

Bloomberg Businessweek (North America) - - Contents - By Kyle Stock

Ar­gentina set­tles its bond debt to hedge funds. The coun­try agreed to turn over a pile of cash to end a 14-year le­gal bat­tle and pave its way back onto in­ter­na­tional bond mar­kets. The largest cred­i­tors in the dis­pute, in­clud­ing hedge fund El­liott Man­age­ment, will re­ceive 75 per­cent of the money they claimed. El­liott’s haul will be 369 per­cent of the prin­ci­pal value of the bonds it bought.

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