Arab Today, arab today argentina receives bond offers in return to debt markets
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Argentina receives bond offers in return to debt markets

Arab Today, arab today

Arab Today, arab today Argentina receives bond offers in return to debt markets

Argentina made its return to international financial markets Monday
Buenos Aires - AFP

Argentina made its return to international financial markets Monday, receiving offers from investors for its sovereign bonds in its first debt sale in 15 years, a government source said.

"We have started to receive offers. We will know the total amount" on Tuesday, a source in the finance ministry, who asked not to be named, told AFP.

"We cannot announce anything for the moment. We will make a statement tomorrow at midday."

Argentina is seeking to end 15 years of financial isolation by borrowing cash on international credit markets for the first time since a 2001 default.

The country is looking to boost its struggling economy and settle a 15-year lawsuit by US investment funds which its ex-president Cristina Kirchner branded "vultures."

Now (NYSE: DNOW - news) that a US court has cleared the way for Argentina to start borrowing again, the government planned to issue a reported $15 billion in medium- and long-term bonds.

The finance ministry earlier said it had enlisted Deutsche Bank (LSE: 0H7D.L - news) , HSBC, JP Morgan, Santander, BBVA (Amsterdam: BA6.AS - news) , Citigroup (NYSE: C - news) and UBS (LSE: 0QNR.L - news) to organize the bond sale.

 

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