Argentine debt talks collapse

摘要

Argentina debt talks collapsed last week as disagreements over the price of its bonds and the absence of a government guarantee to honour payments on them left both sides calling it a day. Citigroup, Deutsche Bank, HSBC and JP Morgan had appeared to be close to an agreement to buy defaulted debt from litigant investors led by Elliott Management and Aurelius Capital. But the two sides could not agree on price, particularly as the government assurances were not strong enough to justify a higher valuation, the sources said.