Argentina seeks better terms for $10B of debt
BUENOS AIRES, Argentina – Argentine Finance Minister Alfonso de Prat-Gay says the country is in a position to negotiate better terms for $10 billion in defaulted debt.
The government began talks Wednesday with so-called holdout creditors in New York in hopes of getting what it describes as “fairer” terms. Prat-Gay says Argentina’s main objective is to reduce punitive interest rates on part of the debt.