Argentina Brings $500m Equivalent Peso Comeback

The Republic of Argentina has announced plans to sell Thursday $500m in 5-year peso-denominated bonds, the first offering of its kind from the sovereign. The notes will carry a 10.50% coupon, with the yield to be determined today by investor bids. The announcement came on a down day for LatAm assets, in which bonds, currencies and equities traded off. Bankers say the transaction may be affected by the poor performance of the markets.