NEW YORK, July 24 NML Capital Ltd, one of the
lead holdout creditors in Argentina's sovereign bond dispute
said on Thursday the government refused to negotiate through a
mediator and was all but preparing to default on already
After meeting separately with the court-appointed mediator
Daniel Pollack on Thursday, an NML spokesman said in a
statement: "Today, Argentina's government made clear that it
will be choosing to default next week."
Argentina faces a July 30 deadline to either reach an
agreement with holdout creditors that allows bondholders who did
participate in two prior restructurings to receive their money,
now blocked by court-order, or for Argentina to default.
NML said it was prepared to negotiate with the government's
team and is "willing to be flexible in forging a solution.
Argentina again refused to negotiate any aspect of the dispute."
"Instead, its representatives simply stated that no solution
was possible." More negotiations are expected to take place in
the coming days, Daniel Pollack, said in a separate statement
where he said time for avoiding a default "is short."
(Reporting By Daniel Bases; Editing by Diane Craft)