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Buenos Aires Province Considers Second Bond Issue, Ambito Says

Argentina’s Buenos Aires province may sell dollar-denominated bonds for the second time this year after issuing a $550 million five-year bond earlier this week, Ambito Financiero reported.

The province may sell as much as $550 million, the Buenos Aires-based financial newspaper reported, citing Governor Daniel Scioli. The provincial legislature authorized the governor to issue as much as $1.1 billion worth in bonds in 2010, Ambito said.

The bonds issued on Sept. 27 pay a 12 percent yield.

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