Argentina is Borrowing Again

Argentina is Borrowing Again

Corporate & Sovereign Strategy

Argentina's plans to start issuing big chunks of debt again for the first time since 2001, when it declared the biggest sovereign default in modern history. It may seem surprising, bizarre even, that Argentina should be borrowing so soon since it last went bust. Yet the government today intends to sell $350 million in peso-denominated bonds on the local capital markets, mainly to Argentine banks and pension funds with few better investment options, plus a sprinkling of devil-may-care foreign hed

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