Argentina: US judge blocks bond payments

Comment on this story

THE US judge in charge of Argentina’s debt default case ordered Bank of New York Mellon on Wednesday to hold on to money deposited by the government rather than disburse the funds to holders of the country’s restructured bonds. The move by US District Judge Thomas Griesa came after Argentina earlier in the day had demanded the intermediary bank deliver $539 million (R5.7 billion) in bond payments that were due in June but blocked by previous court rulings. Argentina defaulted on its sovereign bonds last week. – Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines