Argentina Plans New Bond Issuance

Argentina is planning to issue a new 10-year bond as early as next month, according to a report in local daily La Nación. The new issuance will also be accompanied by a series of swaps to extend the maturity of the sovereign’s debt profile, said the paper. The new bond is likely to pay around 8% of annual interest in line with the yield on the sovereign’s dollar-denominated Bonar VII.