NEW YORK, Aug 15 (Reuters) – Holders of euro-denominated
Argentine bonds plan to appeal a U.S. judge’s ruling blocking
the country from making payments on their debt, according to a
court filing on Friday.
In a notice filed in Manhattan federal court, lawyers for
the bondholders challenged an Aug. 6 ruling from U.S. District
Judge Thomas Griesa that Argentina cannot pay the bondholders
until it also pays holdout investors who refused to restructure
their debt in the wake of Argentina’s 2001-2002 default.
BUENOS AIRES/NEW YORK (Reuters) – Prospects for a private sector solution to Argentina’s sovereign debt dispute deteriorated on Wednesday after holdout investors said they entertained no realistic offers from bankers while the government dashed hopes it might soon agree to restart talks.
The country’s peso currency hit a record low on fears that the already years-old debt saga would linger on indefinitely.
NEW YORK, Aug 13 (Reuters) – Argentine holdout creditor
Aurelius Capital Management said on Wednesday that talks with
many financial institutions about finding a private settlement
solution to the sovereign debt dispute had garnered no realistic
Argentina fell into default for a second time in 12 years
after missing a July 30 coupon payment on already restructured
sovereign bonds. After the deadline passed, hopes turned toward
proposals drawn up first by Argentine and then by large
international banks to work out a solution.