April 15, 2021 |
When Telecom Argentina sold an inflation-linked bond last December and then another in January, the telecommunications company seemed to be taking a novel approach to raise money at the time.
There had been a boom in issues of dollar-linked bonds starting in mid-2020, with a raft of companies from state-backed oil company YPF to Rizobacter, a maker of microbiology products for crops, selling them at as low as 0% over currency depreciation. The peso was weakening against the US dollar as the coun
Investors are betting on high inflation for better returns than with dollar-linked or peso notes