Aurelius says private talks over Argentina debt have failed

Aurelius says private talks over Argentina debt have failed

Bonds Corporate & Sovereign Strategy

Aurelius Capital Management’s negotiations with private parties to find a solution to Argentina’s default have failed, the holdout creditor said on Wednesday: “In addition to our exhaustive efforts to settle with Argentina, we have engaged with many private parties about a so-called ‘private solution’ that would avert or end the present event of default on tens of billions of dollars of Argentine sovereign debt. That engagement has convinced us that there is no realistic prospect of a private so

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