UPDATE 2-Argentina bonds, stocks firm on possible deal to exit default

jueves 7 de agosto de 2014 19:21 GYT

(Adds president Fernandez's comments about U.S. judge Griesa)

By Richard Lough and Jorge Otaola

BUENOS AIRES Aug 7 (Reuters) - Argentine bond prices and stocks firmed on Thursday, with news that international banks may be close to a deal to buy debt from holdout creditors that would resolve its debt crisis.

The creditors are considering an offer from Citigroup, JP Morgan, HSBC and Deutsche Bank of 80 cents on the dollar for their roughly $1.66 billion of Argentine debt, Thomson Reuters IFR reported on Wednesday.

Argentina defaulted for the second time in 12 years last week after the government said it could not reach a deal with the holdout creditors, New York hedge funds that have been demanding face value on bonds they bought on the cheap after the country's economic crash in 2002.

Argentina's Economy Ministry declined to comment but has said previously there was nothing to prevent private parties from reaching an agreement.

In New York, Thomas Griesa, the U.S. district judge at the center of the bitter legal feud between the two sides, said he would hold a hearing on Friday at 3 p.m. (1900 GMT) to address recent public statements by Argentina.

In comments late Thursday night, President Cristina Fernandez goaded Griesa, calling him "a district judge who is overriding the sovereignty of a nation."

"The decisions being made by this district judge don't make any sense at this point," she added.   Continuación...