Argentina offered investors new bonds at a sharp discount in the restructurings. — Bloomberg
BUENOS AIRES: Argentina has won the dismissal of lawsuits by Aurelius Capital Management and other hedge funds seeking payment on securities tied to the performance of the South American nation’s economy.
Aurelius’ 2019 lawsuit claimed it was entitled to payment on gross domestic product-linked warrants issued in connection with restructurings of sovereign debt in 2005 and 2010. Other funds followed with similar claims.
