Argentina Hasn’t Defaulted, Singer Holding Country Hostage, Says Kyle Bass

In an interview with the Buenos Aires Herald, Hayman Capital Management LP founder Kyle Bass said that he thinks Argentina is in a unique situation that shouldn’t be viewed as default since the payment was made if not received, and that there is still room for compromise between Argentina and the holdouts if they can get the rights upon future offers (RUFO) clause out of the way.

“I don’t believe that Argentina has defaulted since it has already paid,” said Bass. “This is an unprecedented and once in a...