On Monday, an Argentine delegation is set to arrive in New York to meet with a mediator in its dispute with holdout bondholders led by a small group of creditors. But it isn't just the $1.5 billion ... more 
On Monday, an Argentine delegation is set to arrive in New York to meet with a mediator in its dispute with holdout bondholders led by a small group of creditors. But it isn't just the $1.5 billion owed to hedge funds Elliott Management, Aurelius Capital Management and Olifant Fund at stake. There are also hundreds of smaller funds and pensioners as far away as Europe, who are claiming much smaller amounts—and who also have stood their ground to recoup their investments in full. The dispute reached a new phase last month when a U.S. district court judge blocked Argentina from making interest payments on some of its bonds unless it pays the hedge funds at the same time. The clock is ticking: Argentina has until July 30 to pay before it enters into a new default. Analysts say that is why the country agreed to meet with the mediator, a court-appointed lawyer, this week. less 
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Wochit
Mon, Jul 7, 2014 2:24 PM EDT