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Argentina to pay its Boden 2015 bonds earlier

Associated Press
Published | Updated

BUENOS AIRES, Argentina – Argentina's government says it will pay its 2015 Boden bonds before the deadline.

Economy Minister Axel Kicillof said Thursday that the move is aimed at ending speculation that Argentina won't be able to service its debt in 2015. He said the payment will take place between Dec. 10 and Dec. 12, and the government will offer cash or a swap for a bond due in 2024.

The notes pay some $6.7 billion including interest and were originally due in October 2015.

Argentina defaulted in July for the second time in 13 years after a U.S. judge ruled in favor of U.S. holdout creditors.

President Cristina Fernandez's government derides the creditors as "vultures" for rejecting Argentina's restructuring offers following the country's record $100 billion default in 2001.