Argentina Sold $2.3 Billion of 9% Seven-Year Bonds in November

Argentina sold $2.3 billion of seven-year bonds with a 9 percent coupon in November, according to data on the website of the country’s stock exchange.

The fixed-rate securities due in 2018 aren’t listed in the Economy Ministry’s website, which was last updated on Dec. 23. The notes’ first interest payment is due May 29.

Telephone and e-mail messages seeking comment from officials at the Economy Ministry and stock exchange weren’t immediately returned.

Argentina’s latest dollar bond sale in the local market was in 2005 for $5.8 billion of debt due in 2015 with a coupon of 7 percent, according to the Economy Ministry.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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