Argentine creditors in debt dispute subpoena HSBC over loans -source

martes 29 de diciembre de 2015 18:04 GYT

By Nate Raymond

NEW YORK Dec 29 (Reuters) - Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday.

The subpoena was a sign that the bondholders intend to keep pressure on the country even as the new administration of Argentine President Mauricio Macri moves toward resolving the long-running litigation over its $100 billion default in 2002.

Creditors, including hedge funds Elliott Management's NML Capital Ltd and Aurelius Capital Management LP, are seeking information from HSBC on whether a more than $5 billion loan Argentina is seeking from foreign banks would violate a court order, the source said.

Argentine Finance Minister Alfonso Prat-Gay on Dec. 17 said he expected the country's central bank to reach a deal with foreign banks within 10 days for the credit line.

A banking source previously told Reuters that Argentina was in talks over a loan with HSBC, JPMorgan Chase & Co, Goldman Sachs Group Inc, Deutsche Bank AG and Citigroup Inc.

Laura Powers, a spokeswoman for HSBC, said the bank does not comment "on open or pending legal matters." A U.S. lawyer for Argentina did not immediately respond to a request for comment.

News of the subpoena, first reported by Bloomberg, came a week after a court-appointed mediator, Daniel Pollack, said Argentina's new government and the bondholders would meet in the second week of January to start "substantive" settlement talks.

Macri, a free-market advocate who took office earlier this month, has moved to start reversing some of the populist policies of the prior governments and has said it was a priority to settle the more than decade-old sovereign debt dispute.   Continuación...