Argentina issues first dollar-linked bonds in local market

Argentina issues first dollar-linked bonds in local market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Argentina Latin America

Argentina sold its first dollar-linked bonds in the local market on Tuesday, tapping strong demand for more stable currencies to raise $1.77 billion. The deal was more than three times oversubscribed from the original offer of $500 million worth of notes, which allowed the sovereign issuer to pay just 0.1% over currency depreciation, less than the maximum of 0.25% it had set beforehand, the Economy Ministry said in a statement. The new notes mature on November 30 next year, the ministry said. It

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