Argentina to Retap Bonar X for $250m

The Argentine government is looking to raise at least $250m in 2017 Bonar X today. The 7% notes are dollar-denominated but clearable in pesos or dollars and are offered under local law. Argentina last tapped the 10-year Bonar in May, for $750m to yield of 8.46%. That offering and the current one, expected to price today, are part of a $2.5bn program. Argentina has also offered 7-year and 5-year Bonars.