Argentina asks judge to put debt payment on hold


Axel Kicillof, Argentina's economy minister, departs after a mediation meeting in New York, New York, USA, July 7, 2014. Argentina has asked a New York federal judge to stay a ruling that it pay the holdout investors US$1.33bil plus interest, saying any deal must take into account other bondholders and factor in a clause in its restructured bonds that could open it up to further liability - EPA Photo.

NEW YORK: Argentina asked a US judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructuring following the country's 2002 default, while it seeks a "global resolution."

Ahead of a July 30 deadline to reach a deal or face a new default, Argentina filed papers asking a New York federal judge to stay a ruling that it pay the holdout investors US$1.33bil plus interest.

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