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Argentina says reaches provisional debt deal with Italian creditors
BUENOS AIRES
Feb 2 Argentina has reached a preliminary deal with Italian holders of its defaulted debt, Finance Minister Alfonso Prat-Gay said on Tuesday.
"We have reached a pre-agreement to settle the unpaid debt
worth about $900 million," Prat-Gay told a news conference.
worth about $900 million," Prat-Gay told a news conference.
The bonds held by the Italian creditors amounts to about 15 percent of the outstanding debt owed by the South American country stemming from its $100 billion default in 2002. (Reporting by Buenos Aires newsroom; Writing by Richard Lough; Editing by Chizu Nomiyama)
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