ISDA includes Yen bonds in Argentine auction

ISDA includes Yen bonds in Argentine auction

Argentina Bonds

The International Swaps and Derivatives Association (ISDA) on Thursday decided to include two yen-denominated bonds in the list of securities that will be part of an auction scheduled for September 2. The 4.33% 2033 and the 0.45% 2038 bonds make up a small amount of Argentina's total debt – around $200m equivalent – and they have lower cash flows than other paper, such as the dollar instruments. The bonds are little-traded, but Deutsche Bank estimated earlier this month that their fair value wou

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