Argentina Bonds Slide After Nation Orders Public Sector Sale
- Argentina to decree public sector must sell dollar bonds
- Measure seen saving nation around $4 billion in debt payments
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Argentina’s overseas bonds are falling after the government said it would force state-run institutions to sell the securities to the private sector, a move that could save the government around $4 billion in debt payments.
The nation’s $16.1 billion in bonds due 2030 fell as much as 1.4 cents Wednesday to around 27 cents, a three-month low. Notes due 2041 followed suit, slipping 1.3 cents to around 26 cents, before paring losses.