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Financial News: ARGENTINA: Country Sells 73.2 Billion Pesos In Sovereign

ARGENTINA: Country Sells 73.2 Billion Pesos In Sovereign Bond Auction

05/16/2018 - 14:49:00 (RTTNews)

(RTTNews) - Argentina issued 73.2 billion pesos (US$ 2.9 billion) in the reopening of two sovereign bonds emissions yesterday. The notes mature in 2023 and 2026 and were sold with a price discount of more than 10%, according to official data.

Argentina sold 36.872 billion pesos in 2023 bonds with an 11.6% discount, yielding an annual return rate of 21%. The country also placed 36.378 billion pesos in 2026 bonds, with a steeper discount of 13.2%, generating an annual return rate of 19.90%.

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