Holdout creditor says Argentina 'bought' support

One of Argentina’s holdout creditors has accused Buenos Aires of buying support from another creditor as the country tries to settle its long debt battle. The new government offered $6.5 billion on Friday to settle the dispute and US court case that have roiled global sovereign debt markets while harming Argentina’s ability to access international capital to fund its economy. The holdouts, whose decade-long court battle against Buenos Aires was led by two New York hedge funds, are a minority class of creditors that refused to go along with the restructuring of the country’s debt after it defaulted on about $100 billion in 2001.

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