HSBC subpoenaed over Argentine debt dispute

New York

CREDITORS suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday.

The subpoena was a sign that the bondholders intend to keep pressure on the country even as the new administration of Argentine President Mauricio Macri moves towards resolving the long-running litigation over its US$100 billion default in 2002.