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.
Wall Street Wants To Know Why Argentine President Hasn’t Fixed Four Decades Worth Of Problems In Less Than Three Years
The global financial elite has joined the campaign to reelect Cristina Kirchner.