Venezuela Buys More Argentine Paper

Venezuela bought another $270.4 million of Argentina’s Boden 2012 issue, after buying $495.7 million less than a week ago, and taking its total for the year to $1.75 million. Venezuela’s latest purchase will help towards Argentina’s dollar reserves which the country needs to build up ahead of its 3 January payment to the IMF of $9.8 billion to cancel its debt.