Argentina Debt Offer More Generous Than Mediator's Settlement Offer, But Is It Enough?

After Argentina’s generous offer to hedge funds earlier this month, a bid to end contentious negotiations and gain access to world capital markets to explore the nation’s vast commodity wealth, the ball is in the hands of “vulture” hedge funds. But with their back against the wall and a little known ace in their pocket, could the hedge funds reject Argentina’s offer and hold out for payment in full? Debt deal comes in with Argentina offering more than previous settlement offer mediated by U.S. judge On January 15, ValueWalk was first to report on a pending offer from the government…