Argentina Team Returns After Just An Hour Long Meeting In NY

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HFA Staff
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Argentina

An Argentina delegation that came today to New York to hold talks with Special Master Daniel Pollock, a court-appointed mediator in the country’s ongoing legal battle with certain holdout creditors, headed back home after a meeting that lasted just about an hour and achieved nothing. See more on this topic from Elliott’s letter to investors here. Argentina is required to make debt repayments worth $ 1.3 billion to ‘holdout’ creditors led by NML Capital, an associate of Paul Singer run Elliott Management, and interest payments of $ 539 million to ‘exchanged’ creditors by a deadline of July 30 failing which…

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