Argentina has agreed to pay a settlement of more than $40.5 million to Banca Arner S.A. of Switzerland, one of the last remaining large holdout bondholders from national debt restructurings that occurred under the country's previous administration.
October 10, 2016 at 10:00 AM
1 minute read
Argentina has agreed to pay a settlement of more than $40.5 million to Banca Arner S.A. of Switzerland, one of the last remaining large holdout bondholders from national debt restructurings that occurred under the country’s previous administration.
Banca Arner will surrender all of its defaulted Argentine bonds and dismiss its lawsuit against Argentina.
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