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.
Cristina Kirchner Not Done Torpedoing Argentine Economy
The mere thought of the former Argentine president has investors running for the hills.
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.
Expired Debt Clause Still Alive And Well In Argentine Economy Minister’s Head
Related: it won't be meeting any of the holdouts' demands any time soon.
That 100-Year Argentine Bond Not Looking So Great Now
Paul Singer would be happy to take it off your hands for a few cents on the dollar, though.