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Argentina offers $6.5 bn to 'holdout' creditors: mediator

Argentina's Finance Secretary Luis Caputo speaks with the media while exiting the office of US mediator Daniel Pollack, in New York on January 13, 2016

Argentina's new government has offered $6.5 billion to settle its long debt battle with "holdout" creditors, US mediator Daniel Pollack said Friday.

The offer was made in New York talks with hedge funds and other creditors who have demanded repayment of about $9 billion on bonds the country defaulted on 15 years ago.