MOSCOW (Sputnik) – According to the mediator, four of the six holdouts have not reached an agreement with Argentina.
"The proposal by Argentina is a historic breakthrough," Pollack said as quoted by The Financial Times on Friday.
Pollack expressed "strong hope that, with continued negotiations, those firms, too, will be able to resolve their differences and reach Agreements in Principle with Argentina."
Most of Argentina's creditors agreed to debt restructuring conducted in 2005 and 2010. Two US hedge funds — Aurelius Capital management and NML Capital –refused to accept the deal, prompting US District Judge Thomas Griesa to freeze Argentina's ability to transfer funds to restructured bondholders until it pays the holdouts in the restructuring.
The ruling forced Argentina into its second default in 13 years.
