Argentina returned to the international debt market by placing US$ 9 billion in three bonds with maturity ranging from five to 30 years.
Argentina sold US$ 1.75 billion in five-year bonds with a 4.625% yearly coupon billion in 30-year bonds with a 6.875% coupon.
The interest rates for all those bonds were the lowest ever recorded in Argentina for dollar-denominated debt and represent a 100 basis points drop compared to the coupon from similar bonds sold in January 2017.
The demand for Argentinean bonds totaled US$ 21.4 billion, 2.4 times higher than the amount issued. More than 450 investors from North America (46%), Europe (35%) and Asia (11%) took part in the debt offer, which was led by Citigroup, Deutsche Bank Securities, HSBC, BBVA, and Santander.
The material has been provided by InstaForex Company – www.instaforex.com
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