How Argentina’s Default May Trigger $29 Billion in Claims

By defaulting tomorrow, Argentina may trigger bondholder claims of as much as $29 billion — equal to all its foreign-currency reserves. If the overdue interest on Argentina’s dollar-denominated securities due 2033 isn’t paid by July 30, provisions in bond indentures known as cross-default clause…

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How Argentina’s Default May Trigger $29 Billion in Claims

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