Argentina gets upper hand in debt battle
By: Reporting by Paul Kilby; Editing by Matthew Davies
Argentina may soon regain access to the international capital markets and get the go-ahead to renew payments on defaulted bonds after gaining the upper hand in debt talks with so-called holdout investors.
The country has made good progress this month in its fight with litigant investors after the government offered US$6.5bn to creditors suing for about US$9bn in claims in US courts.
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