Argentina Returning to Local Bond Market After Five Years
This article is for subscribers only.
Argentina is completing its first local bond sale in five years as part of its efforts to return to global credit markets.
The government is offering 4.4 billion pesos ($542 million) of three-year bonds today with yields tied to the benchmark Badlar rate plus 2 percentage points, or a total of about 26 percent. The Treasury issued 5.5 billion pesos of the 2017 notes in March, its first sale in local markets since 2009.