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Citigroup gets Friday hearing before U.S. judge over Argentine bonds

Reuters

NEW YORK (Reuters) - Citigroup Inc is set to return to court Friday as it seeks to have a U.S. judge reconsider an order barring it from processing payments on $8.4 billion in bonds issued under Argentina's local laws following its 2002 default. U.S. District Judge Thomas Gries in New York on Monday scheduled the Friday hearing for 3 p.m. EDT (1900 GMT), a court official said. The hearing will come just days ahead of a Sept. 30 deadline for Citigroup to process a $5 million interest payment due to bondholders. (Reporting by Nate Raymond in New York; Editing by David Gregorio)