| NEW YORK/BUENOS AIRES, July 7
NEW YORK/BUENOS AIRES, July 7 Argentina's
Economy Minister, Axel Kicillof, will meet in New York with a
court-appointed mediator in the country's dispute with holdout
investors of its bonds at 2:30 p.m. EDT (1830 GMT) on Monday,
the Argentine Economy Ministry said.
The country needs to come to a deal with the holdouts who
rejected its debt restructurings in the wake of its 2002 default
on $100 billion, in order to avoid a fresh default.
The special master, Daniel Pollack, was appointed by U.S.
District Judge Thomas Griesa in New York to find common ground
in the years-long dispute.
Pollack walked into his office on Park Avenue in
mid-morning, but declined to comment. "I have been very careful
not to say anything," he told a Reuters reporter.
Kicillof has sealed a number of deals with foreign investors
and creditors over the past few months, such as the Paris Club
of wealthy creditor nations and Spanish oil major Repsol in a
bid to attract investment back to Argentina and regain access to
global capital markets.
Argentina attempted to pay bondholders who participated in
the debt restructurings in 2005 and 2010 a regularly scheduled
coupon payment due at the end of June.
However, the funds deposited at the Bank of New York
Mellon's account at the Central Bank of Argentina were ordered
to be returned to the South American nation by Griesa. The judge
had previously awarded holdout investors $1.33 billion plus
interest and ordered that Argentina could not pay one without
If a deal is not worked out by July 30, and Argentina does
not make a payment it will be considered to have defaulted for a
second time in 12 years.
The country's dollar-denominated discount bonds due in 2033
were lately down 0.438 in price to 86.229 cents, yielding 10.117
(Reporting by Alejandro Lifschitz in Buenos Aires and Daniel
Bases in New York; Editing by James Dalgleish and W Simon)