Argentine bonds rise on expected talks with holdout creditors

BUENOS AIRES, June 23 Mon Jun 23, 2014 10:23am EDT

BUENOS AIRES, June 23 (Reuters) - Argentine over-the-counter bonds rose 5.3 percent early on Monday, registering relief that the government plans to negotiate with investors who refused to restructure their debt instruments after Argentina's 2002 sovereign default.

Local markets were closed on Friday, when President Cristina Fernandez reversed her long-held policy of shunning negotiations with "holdout" investors who have sued in the U.S. courts for full repayment. (Reporting by Walter Bianchi; Editing by Meredith Mazzilli)

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Comments (1)
GermanHoldout wrote:
President Kirchner’s promise of negotiations with the holdouts is a good sign to end this WAR against innocent holdouts. (it lasts already longer, than the World War I and II together)

We, the holdout creditors, who have been suffering for more than a decade, are in each case the looser and Argentina is the winner, even if Argentina would repay all of OUR money. No one of the argentine government can imagine the suffering of the tens of thousend holdout creditors and their Families.

The whole world would be very pleased, if this since 2002 ongoing NIGHTMARE-DEFAULT finally had been finished!

Under the review of Judge Griesa, Argentina and the Holdouts may come together, to end this HORROR-Default, with endless suffering for tens of thousand holdout creditors and their families worldwide.

Jun 23, 2014 11:52am EDT  --  Report as abuse
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