Vulture funds that feed on sovereign debt

Print edition : December 28, 2012

THE LIBERTAD, an Argentine naval vessel, was detained in Tema, Ghana, on October 21 under a court order obtained by NML Capital Ltd, a "vulture fund". The firm says it will release the ship only after Argentina pays it at least $20 million of the $300 million that Argentina owes it in defaulted sovereign bonds.-REUTERS THE LIBERTAD, an Argentine naval vessel, was detained in Tema, Ghana, on October 21 under a court order obtained by NML Capital Ltd, a "vulture fund". The firm says it will release the ship only after Argentina pays it at least $20 million of the $300 million that Argentina owes it in defaulted sovereign bonds.

    This article is closed for comments.
    Please Email the Editor
    ×