Argentina Sells More Boden To Venezuela

Argentina has sold a further $482.2 million of its dollar-denominated Boden 2012 issue to Venezuela. The bonds were sold at “market price”. This brings to $2.7 billion the total of dollar debt sold to Venezuela so far this year. Argentina has raised $4.2 million since the start of the year via the sale of debt securities. In addition to the bonds placed directly with Venezuela, it has also sold $1.5 billion of 2011 bonds into the international capital markets. Its last foray to tap the markets was last week when it raised $500 million from the sale of its last tranche of 2011 Bonar V bonds.