It is not a good week in international courts for Argentina. On Wednesday bonds who had sued the country for the payment of the PBI coupon in London They managed to execute a US $ 325 million guarantee that the country had left to appeal the ruling against.
And this Friday, in New York, Judge Loretta Presska -What gathers the cases against Argentina in the South District- enabled the embargo of US $ 210 million so that Vulture funds that did not enter the exchanges since then part of their debts for the default of 2001.
“Judge Loretta PRESSKA approves the USD 210 million embargo corresponding to the collateral of the Brady bonds. In the same order, Free other USD 100 million until two groups of debt creditors in default (Attestor Master y Bainbridge Fund), culminate the dispute for these USD 100 million, “he explained in the social network X Sebastián Maril, a specialist who follows in detail the demands against the country internationally.
Those funds that are seized belonged to a account that the Central Bank has in the Federal Reserve of the United States, with funds that were used at the time to guarantee the payment of Brady bonds.
Attestor Master had defeated Argentine debt for US $ 460 million and Bainbridge Fund, for US $ 100 million.
On the other hand, this Wednesday the holders of the bonds called “PBI coupon”, which won the trial against the country in the United Kingdom, executed the guarantee of 313 million euros (about US $ 325 million) required to appeal The trial for 1,330 million euros that had been lost in the first instance. As the appeal was rejected and the ruling was confirmed against, Argentina must start paying.
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