Argentina joins 100 year bond club

20 June 2017

 

Argentina is back in the bond market spotlight this week, but not for any controversial reasons. It has joined the U.K, Ireland and Mexico as countries which have issued sovereign bonds which mature in 100 years or more. The bonds are denominated in U.S. dollars and they were issued at a yield-to-maturity of 7.917% after reportedly receiving $9.75 billion worth of bids. Argentina’s bonds are well below investment-grade status and...

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