argentina to negotiate with vulture funds in january
Last Updated : GMT 14:46:36
Arab Today, arab today
Arab Today, arab today

Argentina to negotiate with 'vulture funds' in January

Arab Today, arab today

Arab Today, arab today Argentina to negotiate with 'vulture funds' in January

A woman passes by posters against "vulture funds", in Buenos Aires
New York - AFP

Argentina's new conservative government will begin negotiations with holdout creditors branded "vultures" in the second week of January, the New York arbitrator in the long-stalled process said Monday.

Daniel Pollack, the special negotiator appointed to seek a compromise between Buenos Aires and creditors led by two hedge funds, announced the talks following an hour-long meeting with senior envoys of President Mauricio Macri, including his finance secretary Luis Caputo.

"The meeting was constructive, covering a range of issues, and it was agreed that they will return to New York City in the second week of January to commence substantive negotiations with the Bondholders," said Pollack, who was appointed by US district judge Thomas Griesa.

After a previous meeting with Caputo, Pollack said on December 9 that talks would begin "promptly" between Macri's administration and hedge funds NML and Aurelius.
The holdout creditors -- speculative investors commonly referred to as "vulture funds" -- are bondholders who declined to take part in the restructuring of Argentina's debt after it defaulted on about $100 billion worth of borrowings in 2001.

The vast majority of creditors took large writedowns of their bonds in the restructure to help the country regain its financial feet.

But the holdouts, some of which bought their bonds around the time of the default at deep discounts to face value, have held on for full repayment.

In 2012 they won the backing of the New York district court, which said Buenos Aires cannot repay any creditors without paying the holdouts first.

Former president Cristina Kirchner had repeatedly rejected the court's rulings.

But Macri, who became president in December on a pledge to liberalize the Argentine economy, had made clear before his election he would resume talks with the creditors.

Caputo and Quintana avoided reporters following the meeting with Pollack.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

argentina to negotiate with vulture funds in january argentina to negotiate with vulture funds in january

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

argentina to negotiate with vulture funds in january argentina to negotiate with vulture funds in january

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday