December 13, 2017
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.

Á 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

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Tags:  Default  vulture funds  banks  Argentina  

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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia