Mediator: Argentina debt talks to resume in NY in February
Jan. 20, 2016
NEW YORK (AP) — A court-appointed mediator says negotiations in New York City between Argentina and bondholders seeking $10 billion are expected to resume Feb. 1.
Mediator Daniel Pollack says in a statement issued Wednesday logistical difficulties prevent negotiations from occurring the last week of January. He says he won't comment further.
Both sides met earlier this month as Argentina seeks to end a long-running legal dispute that impedes its ability to help its struggling economy in global credit markets.
U.S. hedge funds are among bondholders who refused to trade bonds at discounted prices after Argentina defaulted on $100 billion in debt in 2001.
Among others, billionaire hedge fund investor Paul Singer's NML Capital Ltd. took Argentina to court and won judgments against it.