About Us  |   Contact Us  |   Register  | Login  |   

Follow HedgeWorld on Twitter HedgeWorld on LinkedIn






HEDGEWORLD NEWS
Search the News
News Archive
HedgeWorld News by Region
United States / Americas
Europe
Asia / Australia
International
HedgeWorld News Sections
Managed Futures & Derivatives
Daily News
Regulatory/Legal
Strategies/Analysis
Technology
Opinion
People
Indexes
Other News Features
Most Popular
Reuters Headlines
Alternative Advantage Daily Newsletter
RSS Service
Sign Up For Email News Alerts
Reprints

Argentina says must settle with all holdout investors together
By Reuters
Wednesday, August 27, 2014 Email this story  |  News Tracker  |  Reprints  |  Printable Version

BUENOS AIRES (Reuters)—Argentina's government on Wednesday [Aug. 27] ruled out further piecemeal debt negotiations with a small group of U.S. hedge funds and said the country needed to strike a deal with all bondholders who rejected past restructuring agreements as a single group.

"We have to negotiate with everyone," Economy Minister Axel Kicillof told a group of Congressional committees.

Latin America's No.3 economy fell into default again last month after failing to reach an agreement with one group of holdout funds led by NML Capital Ltd. and Aurelius Capital Management who are suing for full payment on their bondholdings.

Other funds who also rejected the bond swaps that followed the South American country's record default in 2002 lurk in the sidelines and could launch similar lawsuits.

By Alejandro Lifschitz; writing by Richard Lough


Send This Story to a Friend | Order Reprints Online
Send Feedback to the Editors | Receive News Alerts by Email
Display Printable Version of This Story

Story Copyright © 1999-2014 Reuters HedgeWorld All rights reserved.






Lipper    Privacy   User Policy  Legal Disclosure Copyright/DMCA  Site Map    FAQ    Glossary  Thomson Reuters for Hedge Funds
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of HedgeWorld content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. HedgeWorld is a registered trademark of Thomson Reuters.