Loretta Preska, a federal judge in New York, ruled on Monday in favor of Argentina in the trial on the coupon linked to GDP against the claim of a group of US investment funds. As, the country avoids paying 1.4 billion dollars. The judge rejected the plaintiffs’ request, who obtained a favorable ruling in the British courts.
This was confirmed, as usual, by Sebastián Maril, CEO of Latam Advisor through the social network X and specialist in Argentine debt issues. “Judge Loretta Preska rules in favor of the Argentine Republic in the case of the PBI coupon (2019),” said the financial expert who closely and closely follows the evolution of these disputes against the Argentine State on the social network “X “.
Argentina had already been condemned by English courts for changes in INDEC statistics during the presidency of Cristina Kirchner. The change caused harm to bondholders since they generated lower profitability for the coupons linked to the GDP, issued together with the bonds in the 2005 debt restructuring and linked to the growth of the local economy.
Developing
Source: Clarin
