Buenos Aires province has settled a lawsuit over defaulted debt with two hedge funds after losing in a New York court in 2024.

The provincial authorities handed the hedge funds US$106 million in bonds and cash, a source in the government told the Herald.

In October 2024, a New York court ordered the Argentine province to pay US$124.7 million to hedge funds Glacial Capital and TRSE Holdings. A source in the provincial government said that when accounting for interest, the total amount would have been US$169 million. The settlement they ultimately paid equals........

© Buenos Aires Herald