Category: Argentina
Posted inDaily Brief

Argentina to Issue Bonds

by LatinFinance

Argentina’s government is expected to place $500 million worth of bonds in the domestic market today. The placement would have Boden´s 2012 current rate, between 7.5 and 8.0%. If demand for the debt is high analysts expect the government to consider issuing another $500 million of debt later this year. Argentina defaulted on almost $100 billion of debt in 2001.

Posted inDaily Brief

IFC Signs Agreement

by LatinFinance

The International Finance Corporation (IFC), the private sector arm of the World Bank, has signed a $250 million loan agreement with the Argentine branch of Pan American Energy to finance part of its capital expenditure program this year. The unit is the second-largest oil and gas producer in Argentina, accounting for some 13 percent of the country’s output.

Posted inDaily Brief

Argentina Sells Debt

by LatinFinance

Argentina sold $350 million in peso-denominated inflation-linked bonds (BODEN) that mature in 2014. The issue was significantly oversubscribed, with investors offering $1.8 billion for the debt. The bonds are set to yield 5.20 percent above the rate of inflation, below the 5.51 of the government´s last Boden auction.

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