Buenos Aires Province to Send Bill to Sell Bogar Holdings

Argentina’s Buenos Aires province will send a bill to Congress to allow the local government to sell part of its holdings of inflation-linked peso bonds, known as Bogars, as it seeks to pay employees their midyear bonuses, Governor Daniel Scioli said.

“We are looking to access liquidity to pay” the bonuses as soon as possible, Scioli said in a televised press conference today.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at Jgoodman19@blooomberg.net

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