Argentina Sells Further $500 Million Bonar V

Argentina yesterday, Wednesday, sold $500 million of its new dollar-denominated sovereign bonds, Bonar V. This is the second tranche of a total offering of $1.5 billion. Argentina sold $500 million of the five-year paper on March 22 this year at a yield of 8.36%. This time around, Argentina’s managed to achieve a lower yield of 8.09%. The bonds carry a coupon rate of 7%.