Members of Bondholder Group Sue Province of La Rioja in U.S. District Court in New York
(0) NEW YORK, April 22, 2021 /PRNewswire/ -- Members of the Ad Hoc Group of La Rioja Bondholders (the "Group") holding 63% of the outstanding 9.75% Notes due 2025 (the "Notes") issued by the Province of La Rioja (the "Province") filed a claim today in the United States District Court for the Southern District of New York seeking a judgment against the Province in respect of the Province's default on the Notes. To date, the Province has missed two semi-annual interest payments on the Notes. The Province has made no serious efforts, either before or since its payment default, to engage with th...
Source: finanznachrichten.de