The debt crisis of Argentina will soon end as the country agreed on a $250 million deal with its holdout creditors. The deal will put an end to the long-running case that's been affecting the country's economy.
Argentina reaches additional settlements of $190 million with seven holdout creditors to close litigation over its faulted bonds.
Argentina and its holdout creditors have reached a settlement that would pay $4.65 billion to hedge funds. The deal would end the 14-year-legal dispute and would bring the country again to the international capital market.
A US District Judge has shown its willingness to lift the injunctions regarding Argentina's defaulted bonds. Due to the previous court ruling, Argentina was not able to pay its debts towards its creditors.
