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.
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.