NEW YORK, July 6, 2016 /CNW/ -- Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its "holdout" Bondholders, issued the following statement today:
"The Republic of Argentina continues to settle claims of bondholders who have come forward with defaulted bonds. This past week the Republic reached settlements with 21 individuals and institutions, for a total of approximately $95 million in payments to the bondholders. The settlements were all within the terms of the February 5 Propuesta. As part of the settlements, those bondholders who held bonds with time-barred interest payments surrendered those bonds without compensation. I will have no further statement on these settlements at this time."
SOURCE Daniel A. Pollack
For further information: Daniel A. Pollack, 212-609-6900