(Reuters) Argentina settled with additional creditors holding defaulted sovereign bonds for $253 million, Daniel Pollack, the court-appointed mediator in the long-running case, said in a statement on Sunday.
The agreements in principle reached late last week with several groups of creditors bring the aggregate amount of settled claims to approximately $8 billion, the statement said.
“In my capacity as Special Master, with the responsibility for presiding over the conduct of settlement negotiations, I am extremely gratified that holders of approximately 90 percent of bonds at issue in the cases in the Southern District of New York have now reached settlements with Argentina,” Pollack said in his statement.
