Argentina Investor Report: Back with a bang

Argentina Investor Report: Back with a bang

Special Reports Argentina

In April, Argentina completed the largest emerging market debt sale on record, ending its decades-long status as a financial pariah with a whopping $16.5 billion global bond offering. The deal also brought a close to the default era in Argentina. Now President Mauricio Macri hopes the country’s return to capital markets will unleash a wave of foreign investment and a pipeline of transaction by domestic companies, who can use the sovereign’s debt as a benchmark for their own bond prices. The timing is crucial. Argentina’s economy is forecast to contract 1% this year, according to the IMF. Inflation is running around 35% and Argentina’s biggest trading partner, Brazil, is mired in a deep reces

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