UPDATE 1-Argentina mum on offer by 'holdout' funds to resume debt talks -mediator
(Adds details, quotes from mediator Pollack, background)
By Hugh Bronstein
BUENOS AIRES Feb 19 (Reuters) - The mediator in the case brought by investors who rejected Argentina's 2005 and 2010 debt restructurings said on Thursday that the "holdout" investors offered to reopen talks with Buenos Aires, but the government had not responded.
The case is part of years long, cross-border litigation following Argentina's sovereign debt default in 2002, after which some debt holders agreed to accept reduced payouts while others refused and took to the courts.
New York-based mediator Daniel Pollack said in a statement that the hedge funds involved in earlier talks passed the invitation through him to Argentina's lawyers in January.
Argentina "neither accepted nor otherwise responded to the invitation by the bondholders," Pollack said. The economy ministry could not be immediately reached for comment.
"The invitation by the bondholders was without pre-conditions and offered the possibility to the government of Argentina of a settlement without any present payment of cash, details to be negotiated," the statement said.
Pollack said the judge handling the case asked him to issue the statement.
Buenos Aires said last year that the Rights Upon Future Offerings (RUFO) clause in the restructured debt contracts blocked it from settling with the hedge funds on better terms than investors got in the 2005 and 2010 exchanges. Continuación...