Arab Today, arab today argentina hits debt deadline but not yet default
Last Updated : GMT 11:22:02
Arab Today, arab today
Arab Today, arab today

Argentina hits debt deadline, but not yet default

Arab Today, arab today

Arab Today, arab today Argentina hits debt deadline, but not yet default

Argentina hits debt deadline
Washington - SPA

Argentina likely will miss a bond payment on Monday that risks sending the country into a catastrophic default.
Argentina owes an interest payment to the majority of its creditors, but the government has a 30-day grace period after Monday to avoid going into its second default in 13 years.
The U.S. Supreme Court recently rejected Argentina’s attempt to block a lower U.S. court ruling that it must pay hedge funds that own bonds remaining from its record $100 billion default in 2001.

 

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