Argentina Sees Strong Call For For Wonder 100-Yr Bond

” said Edgardo Sternberg, Emerging Market debt portfolio manager at Loomis Sayles.
Caputo said Argentina has $2.6 billion in bonds left to be issued this year.
Argentina is going to the international capital markets to help finance a fiscal deficit of 4.2 percent of gross domestic product this year.
Thanks to a stronger-than-expected peso currency, the government has increased its overall 2017 foreign currency bond issuance target to $12.75 billion from its previous plan of issuing $10 billion in international bonds, Finance Minister Luis Caputo told reporters in Buenos Aires.
The new bond had a coupon of 7.125 percent, the finance ministry said in a statement that hailed success of the sale as evidence that Argentina had regained “credibility and confidence.

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