• 27 Mar 2014 at 6:42 PM

Who Wants To Buy Some Argentine Debt On Their Terms?

Even though they don’t accept the authority of American law or courts, the Argentines have decided to save themselves all of the legal fees should they miss a few bills this time around.

Argentina’s government will issue as much as 10 billion pesos ($1.25 billion) in bonds Friday as it seeks funding from local investors after relying for years on money printing and borrowing from the federal pension agency to cover its financing needs….

Unable to tap global debt markets because of a legal dispute stemming from Argentina’s 2001 default, President Cristina Kirchner has used the central bank to finance spending and pay her government’s creditors….

The administration plans to sell three-year, peso-denominated bonds paying the benchmark Badlar wholesale deposit rate, now at about 26%, plus 2%, the Economy Ministry said Wednesday.

Argentina Plans Local Bond Sale

1 comment (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (1)

  1. Posted by Matt | March 28, 2014 at 12:29 PM

    "Can we get in on this?" – Goldman MD