Saturday
December 20, 2014
Wednesday, July 30, 2014

Banks, vulture funds discuss details of debt agreement; meeting to be resumed tomorrow

The meeting between Argentine private bank representatives and the so called “vulture funds” over the debt held by the hedge funds has been adjourned and will be resumed tomorrow.

Ámbito.com has revealed that banks will contribute around 1.4 billion dollars in order to buy the titles from the holdouts investors, which means that Argentina will avoid falling into default for any substantial period of time.

Banks offered to pay 250 million dollars upfront and the rest in several payments. Hedge funds appear to have accepted the initiative, but requested the money to be paid fully at once.

Negotiations will continue tomorrow, top sources told Ambito.com.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Default  vulture funds  banks  Argentina  





22
  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito    ámbito financiero    ambito.com    Docsalud     Premium        El Ciudadano    El Tribuno    Management

Director: Orlando Mario Vignatti - Edition No. 4346 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA