NEW YORK—A court-appointed mediator reported more progress Friday in efforts by Argentina to resolve a dispute with bondholders who claim they are owed about $10 billion by the financially strapped South American nation.
A week after two of six leading bondholders settled their claims for well over $1 billion, the rest of them were completing a week of “intensive discussions” with high-ranking Argentine government officials, mediator Daniel Pollack said in a statement.
“These discussions have gone late into the night and will continue. I do not know whether agreements in principle will be reached with these four bondholders, but I will continue to do everything in my power to see that it happens,” Pollack said.
He called it an “eventful week in the negotiations.”
Last week, Argentina offered bondholders a $6.5 billion deal to settle cases stemming from its 2001 default. Holdout bondholders were seeking about $10 billion.
U.S. hedge funds are among bondholders that refused to trade bonds at discounted prices after Argentina defaulted on $100 billion in debt in 2001.
