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Argentina discount bond rises on IMF recommendation on debt case

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(GlobalPost/GlobalPost)

BUENOS AIRES (Reuters) - Argentina's bond prices rose sharply on Thursday on perceived support for Argentina from the International Monetary Fund in a decade-long legal battle with holdout creditors.

The IMF said on Wednesday it plans to ask the U.S. Supreme Court to review Argentina's case. At 1450 GMT, Argentina's dollar-dominated discount bond rose 7.35 percent to $65 in Buenos Aires over-the-counter trading.

(Reporting by Walter Bianchi; Editing by James Dalgleish)

http://www.globalpost.com/dispatch/news/thomson-reuters/130719/argentina-discount-bond-rises-imf-recommendation-debt-case