Argentina Buys Back $113 Million Debt

Argentina has bought back $113 million bonds at a cost of $98.8 million as part of its debt restructuring program. As part of the program, Argentina agreed to buy back bonds outstanding with any unused funds, which for 2004 was $318 million. The government still has $219 million left to use for bond buy back operations before year end. The bonds in this transaction included $108.6 million of Boden 2015 and $5.03 of Boden 2012.