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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