Argentina bondholders optimistic over new deal

A more conciliatory stance from Argentina's new president has given holders of the sovereign's defaulted bonds fresh hope that a deal can be struck to bring to an end the long-running standoff

The December 10 inauguration of Cristina Fernandez de Kirchner as Argentina's first-ever elected female president is renewing hopes among investors holding $20 billion in defaulted bonds that they may finally receive redress, almost three years after the country completed its $104 billion restructuring.

Since her landslide victory in October, Kirchner has adopted a more conciliatory tone with the bondholders than her husband and predecessor Nestor Kirchner, who in four years in power never tired