Argentina makes deposit to pay debt creditors

The Ministry of Economy of Argentina announced that today was made a deposit of 161 million dollars in the local authority Nation Trusts, of the National Bank, in Buenos Aires, in order to pay the debt the country maintains with the creditors of the restructured debt.

“From the time of its deposit, the funds are no longer owned by Argentina and constitute trust property. The Trust Agreement provides that such funds will be applied by the Trustee solely to pay the services of Debt Securities of the Noteholders,” the entity said.

The ministry said that with this deposit, Argentina “once again confirms its unwavering commitment to meet all its obligations to the Noteholders.”

This payment is made 24 hours after Judge Thomas Griesa declared “in contempt” the country because of taking “unlawful steps” to circumvent the judgment against it.