Elliott Win? US Supreme Court Denies Argentina Appeal

Argentina will have to decide whether it’s going to pay more than $1.3 billion demanded by bondholders led by Paul Singer’s Elliott Management or default on its debt yet again, now that the US Supreme Court rejected its appeal without comment, reports Brent Kendall for The Wall Street Journal.

Holdouts want 2001 debts paid in full

The case goes back to Argentina’s historic 2001 default on $80 billion in debt and the deal that it offered to bondholders at the time: accept new bonds worth $0.30 on the dollar or walk away with nothing. More than 90% of...