If accepted by all the holdouts, which are led by billionaire Paul Singer's Elliott Management, the deal will clear the way for Argentina's return to the international capital markets.

Argentina debt negotiations pick up pace

Feb 8 2016, 02:13 ET | By: Yoel Minkoff, SA News Editor 

Argentina has offered to pay about $6.5B in cash to U.S. holdouts that refused debt restructurings after its 2001 default, implying a haircut of about 25% on the amount bondholders say they are owed.

If accepted by all the holdouts, which are led by billionaire Paul Singer's Elliott Management, the deal will clear the way for Argentina's return to the international capital markets.

ETFs: ARGT

Previously: Argentina debt talks continue to make progress (Feb. 04 2016)

Previously: Argentina agrees to pay Italian holdouts (Feb. 03 2016)