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Banco Macro Bond Deal Bites the Dust

Nov 2, 2007

Argentina's Banco Macro has pulled a $200m 2014 unsubordinated bond issue amid a lack of interest from investors. It is not clear whether Macro will reattempt a deal this year, if at all, though people close to the issue say the...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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