Mar 29 2015/Seeking Alpha
- In the latest twist to the showdown between Argentina and Citigroup (NYSE:C), a U.S. federal court has agreed to allow Citi to make interest payments to investors holding $2.3B of Argentine bonds at the end of this month and on June 30.
- Previously, U.S. Judge Thomas Griesa ruled that Argentina must settle with its holdout hedge funds before it continues paying interest to the majority of investors who accepted debt writedowns following the country’s $100B default in 2002.
- Previously: Citigroup, Argentina face off; Citi slashes CEO pay (Mar. 19 2015)
