Argentina's options narrow despite payment

摘要

The battle between Argentina and holdout investors escalated last week as each side staked out their negotiating positions before the clock starts ticking on Monday on a 30-day grace period that could end in default. By depositing money on Thursday to make the required payment on the restructured bonds on June 30, the South American nation said it was expressing a willingness to pay. But some brinkmanship was also at play as the sovereign knows that a US court ruling requires it to disburse funds to both holdouts and restructured bondholders if it wants to avoid a technical default.