Argentina Plans Simultaneous Debt Talk With IMF And Bondholders

Argentina’s President-elect Alberto Fernandez plans to hold debt negotiations with private bondholders and the International Monetary Fund at the same time as part of a strategy to obtain a better deal, according to a person with direct knowledge of the matter, Yahoo! Finance reported on a Bloomberg News story. Fernandez’s incoming government considers that holding simultaneous, yet separate, talks is likely to give Argentina more bargaining power, as well as the ability to adjust proposals on both ends, the person said. The negotiations are set to begin after Fernandez takes office Dec. 10, said the person, who asked not to be identified because the plans are not yet public. The talks come after an August bond rout and a devaluation made the country’s debt load even harder to meet. Read more