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Jul 28, 2014

Argentina to hold last-gasp debt talks with mediator Tuesday

BUENOS AIRES/NEW YORK (Reuters) – Argentina on Tuesday will meet the U.S. mediator in its battle with ‘holdout’ debt investors suing the country for last-minute talks to avert its second default this century.

Mediator Daniel Pollack said in a statement on Monday he received a telephone call from the Argentine government advising him a delegation of technical, financial and legal representatives will meet him at 11 a.m. EDT (11.00 a.m. EDT) on Tuesday in his office. “I again urged direct, face-to-face conversations with the Bondholders, but that will not happen tomorrow,” Pollack said, referring to the holdout creditors.

Jul 28, 2014

Argentine debt mediator: no resolution, delegation returning to Argentina

NEW YORK/BUENOS AIRES (Reuters) – Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.

The Argentine delegation headed home to seek instruction from the government after the talks in New York, mediator Daniel Pollack said, while the country’s economy ministry underscored it would continue the dialogue with him over the next few days.

Jul 26, 2014

Factbox: Potential Argentine debt default looms as July 30 approaches

NEW YORK (Reuters) – Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.

The parties have not yet met face-to-face despite the addition of a court-appointed mediator who has warned time is running short for Argentina to avoid a default.

Jul 26, 2014

Potential Argentine debt default looms as July 30 approaches

NEW YORK, July 25 (Reuters) – Argentina, out of legal
options to avoid paying a court-awarded $1.33 billion plus
interest to holdout creditors who twice spurned a restructuring
offer, has until July 30 to either pay them, negotiate a
settlement or default.

The parties have not yet met face-to-face despite the
addition of a court-appointed mediator who has warned time is
running short for Argentina to avoid a default.

Jul 25, 2014

Argentina fails to reach breakthrough in debt mediator talks

NEW YORK/BUENOS AIRES (Reuters) – Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.

The Argentine delegation headed home to seek instruction from the government after the talks in New York, mediator Daniel Pollack said, while the country’s economy ministry underscored it would continue the dialogue with him over the next few days.

Jul 25, 2014

Argentine debt mediator says time running short for deal

NEW YORK (Reuters) – Less than a week before Argentina could default on its sovereign bonds, the government and holdout creditors have yet to meet face-to-face despite an urgent plea from the U.S. court-appointed mediator on Thursday that they start direct talks.

“The issues separating the parties remain unresolved at this time. The time for the Republic to avoid default (July 30) is short,” mediator Daniel Pollack said in a statement following three hours of shuttle diplomacy.

Jul 24, 2014

Argentina, holdouts meet in debt dispute with court appointee

NEW YORK, July 24 (Reuters) – Representatives for holdout
investors and Argentina in the country’s ongoing debt default
met for about three hours with a court-appointed mediator in New
York on Thursday, less than a week before Argentina could once
again default.

Several members of Argentina’s delegation left the Manhattan
office of special appointee Daniel Pollack around 3:30 p.m. EDT
(1930 GMT) but declined to comment on the talks. Edward
Friedman, a lawyer for Aurelius Capital Management, one of two
leading holdouts, emerged shortly after, also without
commenting.

Jul 24, 2014

Exclusive: Holdouts not asking to suspend Argentine debt order – Aurelius

NEW YORK (Reuters) – Argentine debt holdout investor Mark Brodsky refuted a story in Argentina’s La Nacion newspaper suggesting his group, which is negotiating a settlement with the government, will ask a U.S. judge to suspend his payment order ahead of a July 30 deadline.

Brodsky is the chairman of Aurelius Capital Management, one of the lead holdout investors in the case which awarded them $1.33 billion plus accrued interest. Argentina was ordered to pay the holdouts at the same time it paid bondholders who accepted an exchange, or restructuring, of defaulted debt in 2005 and 2010.

Jul 24, 2014

Holdouts not asking to suspend Argentine debt order -Aurelius

NEW YORK, July 24 (Reuters) – Argentine debt holdout
investor Mark Brodsky refuted a story in Argentina’s La Nacion
newspaper suggesting his group, which is negotiating a
settlement with the government, will ask a U.S. judge to suspend
his payment order ahead of a July 30 deadline.

Brodsky is the chairman of Aurelius Capital Management, one
of the lead holdout investors in the case which awarded them
$1.33 billion plus accrued interest. Argentina was ordered to
pay the holdouts at the same time it paid bondholders who
accepted an exchange, or restructuring, of defaulted debt in
2005 and 2010.

Jul 18, 2014

Holdout says Argentina bent on default as debt deadline looms

BUENOS AIRES/NEW YORK, July 18 (Reuters) – A lead holdout
investor in Argentina’s debt row said on Friday the South
American country seemed determined to default, after market
gossip of a possible breakthrough sent Argentine bonds higher.

NML Capital Ltd, a unit of Elliott Management Corp suing for
full repayment on its bondholdings, said Argentine officials
refused to meet or negotiate ahead of a July 30 deadline.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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