UPDATE 1-Talks between Argentina holdouts and banks stall -sources

Comments (2)
GermanHoldout wrote:

If buyback by the banks, then please extended TO ALL HOLDOUTS!!!!

Already a buyback offer of 80% WOULD NOT BE ACCEPTABLE for the Holdouts! (40% is ridiculous) 80% would be worth of about the Exchange offers from 2005 and 2010 until today, which has been already rejected twice by the holdouts

A BUYBACK OFFER OF ABOUT 150-170% could be acceptable for the Holdouts.

Argentina owes to today about 230% to the Holdouts (capital + accrued interest since 2002)

A cash buyback of about 150-170% would give Argentina a debt relief of about 60-80%.

IN PRACTICE, FOLLOWING COULD BE THE SOLUTION TO FINISH ARGENTINA’S SINCE 2002 ONGOING NIGHTMARE DEFAULT.

ARGENTINA SHOULD GIVE A SIGN, A PROMISE TO JUDGE GRIESA / MEDIATOR POLLACK AND THE HOLDOUTS, THAT IT WILL NEGOTIATE IN GOOD FAITH AND IT WILL FULFILL THE COURT ORDER (EXTENDED TO ALL HOLDOUTS) AND REPAY THE DEBT TO THE HOLDOUTS, AFTER THE RUFO CLAUSE EXPIRES IN DECEMBER 2014.

THEN THE HOLDOUTS WOULD SURELY ASK JUDGE GRIESA TO REINSTALL THE “STAY” UNTIL JANUARY 1, 2015.

Argentina enters into good-faith negotiations with the holdout creditors – ALL OF THEM –via the offices of NML Capital. A firm deadline should be set to reach an agreement, say January 2, 2015, two days after the expiration date of the Rights upon Future Offers clause.

HOW COULD BE THE CONDITIONS FOR THE REPAYMENT?

Argentina owes to today about 230% to the Holdouts (since 2002 Argentina had not repaid a cent to the holdouts)

- at the latest, on 02/01/2015 (end of RUFO clause) Argentina would repay in CASH 100% of the nominal value of the defaulted bonds, which became due before 2015.

- For the accrued interest between 2002-2015 (until now about 130%), Argentina would emit new bonds with a maturity of 5-7 years.

Aug 12, 2014 4:16pm EDT  --  Report as abuse
GermanHoldout wrote:

If buyback by the banks, then please extended TO ALL HOLDOUTS!!!!

Already a buyback offer of 80% WOULD NOT BE ACCEPTABLE for the Holdouts! (40% is ridiculous) 80% would be worth of about the Exchange offers from 2005 and 2010 until today, which has been already rejected twice by the holdouts

A BUYBACK OFFER OF ABOUT 150-170% could be acceptable for the Holdouts.

Argentina owes to today about 230% to the Holdouts (capital + accrued interest since 2002)

A cash buyback of about 150-170% would give Argentina a debt relief of about 60-80%.

IN PRACTICE, FOLLOWING COULD BE THE SOLUTION TO FINISH ARGENTINA’S SINCE 2002 ONGOING NIGHTMARE DEFAULT.

ARGENTINA SHOULD GIVE A SIGN, A PROMISE TO JUDGE GRIESA / MEDIATOR POLLACK AND THE HOLDOUTS, THAT IT WILL NEGOTIATE IN GOOD FAITH AND IT WILL FULFILL THE COURT ORDER (EXTENDED TO ALL HOLDOUTS) AND REPAY THE DEBT TO THE HOLDOUTS, AFTER THE RUFO CLAUSE EXPIRES IN DECEMBER 2014.

THEN THE HOLDOUTS WOULD SURELY ASK JUDGE GRIESA TO REINSTALL THE “STAY” UNTIL JANUARY 1, 2015.

Argentina enters into good-faith negotiations with the holdout creditors – ALL OF THEM –via the offices of NML Capital. A firm deadline should be set to reach an agreement, say January 2, 2015, two days after the expiration date of the Rights upon Future Offers clause.

HOW COULD BE THE CONDITIONS FOR THE REPAYMENT?

Argentina owes to today about 230% to the Holdouts (since 2002 Argentina had not repaid a cent to the holdouts)

- at the latest, on 02/01/2015 (end of RUFO clause) Argentina would repay in CASH 100% of the nominal value of the defaulted bonds, which became due before 2015.

- For the accrued interest between 2002-2015 (until now about 130%), Argentina would emit new bonds with a maturity of 5-7 years.

Aug 12, 2014 4:17pm EDT  --  Report as abuse
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