Argentina Returns to International Credit Markets

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Source:   —  April 19, 2016, at 0:42 AM

The S American country announced a $10 billion-$15 billion bond issue Monday. The proceeds will assistance pay a grouping of holdout creditors who refused debt restructurings after Argentina defaulted on $100 billion of bonds in two thousand-first.

Argentina has returned to global bond markets for the first time in fifteenth years.

The S American country announced a $10 billion-$15 billion bond issue Monday. The proceeds will assistance pay a grouping of holdout creditors who refused debt restructurings after Argentina defaulted on $100 billion of bonds in 2001.

President Mauricio Macri campaigned latest year on promises to boost the continent'south second-largest economy by putting an finish to a longstanding debt dispute.

The recent repayment deal broke an deadlock that'd kept Argentina on the margins of international credit markets, forcing it to print more money that stoked one of the world'south highest inflation rates.

Argentina'south economy minister and other executive have been meeting investors in NY and London. The new offering is expected to be priced Tuesday.

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