Argentine Warrants More Than Double After Ruling Favors Aurelius

Dec. 2, 2021, 9:47 PM

Notes with payouts tied to Argentina’s economic growth surged as much 107% on Thursday after a U.S. court ruled the country will be required to show how it calculated statistics at the center of a legal battle between hedge fund Aurelius Capital Management LP and the South American nation.

Its warrants tied to gross domestic product surged to their highest since March 2020, with dollar-denominated warrants due in 2035 jumping as much as 107%, and euro-denominated securities climbing 42%.

Argentina will need to reveal the methodology it used to measure GDP and economic activity in 2013, according to a ruling ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.