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Some bondholders see the bankruptcy threat as a bluff.
At least some bondholders said they did not take Mr. Trump's threats seriously.
An appeals court in Quebec must hear a challenge to the transaction raised by some bondholders.
The payment was read by some bondholders as a signal that the talks were proceeding smoothly.
But some bondholders have questioned the announcement, saying that they were not even approached about a reprieve.
But the exchange offer is being held up by some bondholders, including Citigroup, people briefed on the negotiations said.
When some bondholders bought debt in casinos operated by Caesars Entertainment, they didn't think they were gambling.
Customers of WaMu, based in Seattle, are unlikely to be affected, although shareholders and some bondholders will be wiped out.
Some bondholders rejected the offer, leaving Argentina in default of $26 billion and unable to issue debt abroad.
But some bondholders, including the hedge funds Elliott Management and Aurelius Capital, held out for a better deal and sued Argentina.
European leaders can require that taxpayer funds are used only after banks appoint new executives and all shareholders and at least some bondholders accept losses.
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CEO of Professional Science Editing for Scientists @ prosciediting.com