A judge overseeing lawsuits tied to Argentina’s 2001 sovereign debt default dropped orders barring the nation from issuing bonds and sanctioning its return to the global debt markets after a 15-year absence, Bloomberg News reported on Friday. U.S. District Judge Thomas Griesa’s order came after the world’s eighth-largest country said that it dropped a law barring payment to holdout creditors and paid bondholders who settled earlier this year, including a $2.3 billion deal with Paul Singer’s Elliott Management Corp. The judge set those conditions for the orders to be dropped. Argentina now can go ahead with a planned $15 billion bond sale to pay off the holdout creditors from a 2001 default.
