Statement of Daniel A. Pollack, Court-Appointed Special Master, March 9, 2016

Mar 09, 2016, 15:24 ET from Daniel A. Pollack

NEW YORK, March 9, 2016 /PRNewswire/ -- Daniel A. Pollack, the Court-appointed Special Master in the Argentina Debt Litigation, issued the following statement today:

"I am very pleased to report that the Republic of Argentina continues to reach Agreements in Principle with Bondholders, both large and small, holding defaulted Argentine bonds. As of today the Republic has reached  additional settlements in excess of $190 million with the following institutions and individuals: BN Paribas, $52.4 million, GMO (Boston) $119 million, Carlo Regazzoni $1.7 million, Elazar Romano $11.3 million, Grazia Valenti $172,000, La Societa Ymus SRL $375,000 and Tomaso Zappoli Thyrion $5.2 million. Both the range and diversity of these settlements are encouraging to me as Special Master. All such settlements are subject to two conditions: first, the lifting of the Lock Law and the Sovereign Payment Law by the Congress of Argentina, and second, the lifting of the Injunction by Judge Griesa. All such settlements are within the terms of the Propuesta (Proposal) issued by Argentina on February 5. I will have no further comment today on these settlements."

SOURCE Daniel A. Pollack