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Argentina Companies Wait While Investors Plead for Their Bonds

  • It’s taking time for companies to get used to the new scenario
  • Meanwhile, yield-hungry investors want ‘real companies now’

Companies worldwide are selling bonds at a record pace, but issuers from Argentina aren’t rushing in even after the end of that country’s exile from international markets.

What’s holding them back? Executives want to make sure they learned from past mistakes, like loading up on the kind of cheap borrowings that led to a distressed debt crisis in Brazil, Marcelo Mindlin, chairman of Pampa Energia SA, said in an interview on Sept. 20 at Bloomberg’s headquarters.