By Clifford Hwang
An injunction
in 2012 barred Argentina, after it defaulted on $100 billion in 2001, from
accessing the international finance markets until the country paid its
creditors, including those who had rejected the restructuring deals. Now after
the Second
Circuit, on April 13, affirmed the district court’s February
19 decision to lift the injunction, Argentina will be able to access the
global market. Argentina is expected to
raise funds in $15
billion bond offering, a large portion of which will be used to pay
creditors with which it has reached a settlement.
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