Jul 18, 2014

Holdout says Argentina bent on default as debt deadline looms

BUENOS AIRES/NEW YORK (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.

Jul 18, 2014

Argentina bonds rally on chatter of “holdouts” flexibility

BUENOS AIRES, July 18 (Reuters) – Argentine
dollar-denominated bonds rallied on Friday in
over-the-counter trading on market chatter that “holdout”
investors suing for the full payment of bonds were open to the
idea of reinstating a court stay.

Recession-hit Argentina has until July 30 to settle with the
New York-based hedge funds or face another painful debt default
that would prolong its banishment from international capital
markets and pile more pressure on an ailing currency.

Jul 16, 2014

Holdout investors to Argentina: ‘time is running out’ for deal

BUENOS AIRES (Reuters) – Argentina is running out of time to broker a deal with “holdout” bondholder investors and stave off another painful debt default, lobbyists acting for the New York hedge funds suing the country said in a media ad on Wednesday.

Latin America’s No. 3 economy has just two weeks to cut a deal with the holdouts, but a government source told Reuters on Tuesday there would be no face-to-face talks with a court-appointed mediator this week, raising questions over Argentina’s commitment to reaching an agreement.

Jul 8, 2014
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May 30, 2014
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