Argentina Clears Deck for Bond Rebirth

Argentina Clears Deck for Bond Rebirth

Argentina

Argentine president Cristina Fernandez has authorized the issuance of up to $15bn in overseas debt, according to a decree in the government’s official bulletin. The sovereign is in the process of registering a shelf with the US SEC for its first cross-border bond issue in a decade. Argentine debt outperformed Thursday, according to RBC, which notes a 17bp tightening in its portion of the EMBI+, which closed the day 7bp narrower at T+307bp. The government also says it has given final approval to

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