(MENAFN- AFP) One of Argentina's holdout creditors has accused Buenos Aires of buying support from another creditor as the country tries to settle its long debt battle.
The new government offered $6.5 billion on Friday to settle the dispute and US court case that have roiled global sovereign debt markets while harming Argentina's ability to access international capital to fund its economy.
The holdouts, whose decade-long court battle against Buenos Aires was led by two New York hedge funds, are a minority class of creditors that refused to go along with the restructuring of the country's debt after it defaulted on about $100 billion in 2001.
Buenos Aires said it was offering the creditors roughly 75 percent of what they were claiming, covering the face value and accumulated interest on the bonds.
But that won't do, said Aurelius Capital's chairman Mark Brodsky.
"Argentina bought Dart (Management) support by agreeing to pay its claim in full. Aurelius would gladly accept such generosity, though we have always been willing to take a haircut," he charged.
US Treasury Secretary Jacob Lew spoke by telephone Sunday with Argentine Finance Minister Alfonso Prat-Gay, to express American support.
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