Argentina could find itself drawn into more legal battles with some of its creditors if it decides to go ahead with a new international bond issue. The sovereign is considering a $500 million offering this month or in April, according to local press reports, even though it has not yet reached an agreement with the holdouts from its debt restructuring. These investors, who hold about $20 billion-worth of Argentine defaulted debt, refused to participate in last year’s debt restructuring, claiming that the offer was below what the government could afford.
It is unclear how Argentina could issue a new bond without the holdouts taking further legal action in their attempts to seize government assets.
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