Argentina, Bond Holdouts Said at Odds Over Disclosure Agreement

Holders of Argentina’s defaulted debt from 2001 are clashing with the nation’s government over a non-disclosure agreement officials are refusing to sign during renewed talks to resolve the decade-old litigation, according to two people with knowledge of the matter.

Finance Secretary Luis Caputo and holdout creditors, led by hedge fund Elliott Management, met in New York on Wednesday for the first time since President Mauricio Macri took office last month pledging to resolve the dispute. Caputo told reporters the government was "satisfied" with the meeting and would submit a settlement proposal during the week of Jan. 25. The holdouts were also expected to present their proposal in the same week, according to a statement by the Economy Ministry on Wednesday.