Citibank NA asked a U.S. judge to allow it to make payments on Argentine bonds on Sept. 30, saying that they shouldn’t be subject to a 2012 court ruling prohibiting payments on the country’s exchange bonds, Bloomberg News reported yesterday. The company said in a request yesterday to U.S. District Judge Thomas Griesa that if he doesn’t allow Citibank Argentina to make the payments, it could face civil and criminal liability as well as revocation of its banking license in the South American country. Judge Griesa has said that Argentina can’t pay holders of its performing debt without also paying a group led by Paul Singer’s NML Capital that’s owed $1.5 billion on the country’s defaulted bonds. Citibank claims that the bonds on which it expects to receive the interest payment from Argentina shouldn’t be included in the order barring payment.
