Burford Open to Argentine Bonds for $16 Billion Judgment (1)

Investors who won a $16 billion judgment against Argentina over its nationalization of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash, according to people familiar with the matter.

Burford Capital, a litigation funder that’s the biggest stakeholder in the case, would accept sovereign bonds or other marketable securities, considering the Argentine central bank’s depleted foreign reserves, the people noted, asking not to be identified because the discussions are private. It acquired rights to the lawsuit in 2015 for $16.6 million from former YPF shareholders and stands to make ...