Argentina’s Hedge Fund Deal Frustrates Small BondholdersBy
Argentina’s offer to pay billions to settle a dispute with a group of hedge fund investors led by the billionaire Paul E. Singer may have been a victory for both the South American nation and the hedge funds, but it has left many small bondholders out in the cold.
Lawyers for bondholders that were not included in the $4.65 billion dealArgentina made with the holdout hedge funds have argued that they will get far worse terms if they agree to a separate $6.5 billion proposal that Argentina made on Feb. 5…
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