UPDATE 1-Argentina agrees $190 million more in default settlement -mediator

miércoles 9 de marzo de 2016 23:19 GYT

(Adds names of creditors and values of their settlement)

By Daniel Bases

NEW YORK, March 9 (Reuters) - Argentina settled with an additional seven creditors holding defaulted sovereign bonds for $190 million, Daniel Pollack, the court-appointed mediator in the long-running case said in a statement on Wednesday.

Pollack's announcement brings the total amount of settlements agreed in principle with U.S. creditors to more than $6.4 billion.

The latest agreements take Latin America's No. 3 economy closer to ending the 14-year legal battle over its historic default which blocked it from global credit markets.

Pollack said the following institutions and individuals reached settlements with Argentina: "BNP Paribas, $52.4 million, GMO (Boston) $119 million, Carlo Regazzoni $1.7 million, Elazar Romano $11.3 million, Grazia Valenti $172,000, La Societa Ymus SRL $375,000 and Tomaso Zappoli Thyrion $5.2 million."

Since the election of President Mauricio Macri in November, Argentina has moved swiftly to settle the debt dispute, mainly with U.S.-based hedge funds that sued in federal court for full payment on sovereign bonds defaulted upon in early 2002.

On Feb. 2 it reached a $1.35 billion agreement to settle with a group of Italian investors who held defaulted bonds.

On Feb. 5 it committed to spending $6.5 billion in order to settle more than $9 billion worth of claims in the U.S. courts before U.S. District Judge Thomas Griesa. So far it has agreements from more than 85 percent of remaining holdouts.   Continuación...