Two hedge funds filed a complaint on Wednesday in a New York Court against Buenos Aires province for US$77 million in defaulted debt on bonds issued in 2011. The complaint was submitted to Judge Mary Kay Vyskocil of the United States District Court for the Southern District of New York. The funds making the claim are Glacial Capital and TRSE, which refused to accept a debt restructuring in August 2021. In 2023, Judge Vyskocil ruled in the funds’ favor, ordering Buenos Aires province to make a US$35 million payment. On Wednesday, the funds filed a new complaint of US$77 million for the unpaid maturities.

Source: Bueno Aires Herald June 01, 2024 11:43 UTC