Tag Archives: Is JPMorgan About To Bailout Argentina?

ZeroHedge – Is JPMorgan About To Bailout Argentina? – 31 July 2014

ZeroHedgeUpdate: According to Ambito the deal is a no go as Italian bondholders (and likely all others) claim that a private deal with a buyer of holdout bonds would also trigger the RUFO clause, thus making the deal meaningless and forcing Argentina to payout billions more. From Ambito:

Italian bondholders say a private agreement also would trigger the clause RUFO

The representative of a group of debt holders Argentina Italy, Tulio Zembo said that any agreement between private RUFO also would trigger the clause.

Read the full story at: www.zerohedge.com / link to original article