Argentina, creditors get ready to resume debt talks after ninth sovereign default

A major Argentina creditor group said on Saturday it had been invited to sign a non-disclosure agreement by Argentina's government, signaling that talks could be moving to the next phase after the South American country defaulted a day earlier. The Exchange Bondholder Group, which comprises 18 investment institutions and represents 15% of Argentina's exchange bonds, said in a statement that Argentina approached its representatives and other creditor groups about signing a non-disclosure agreement "in contemplation of engaging in negotiations with the Ministry of Economy." It is common during debt restructurings for creditor committees to agree to limit the flow of information near the end of talks, as some of it may be material and non-public, a source from another creditor committee said.

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