(Bloomberg) -- Argentina will likely pay more than
12 percent per year for its first issue of a fixed-rate peso
bond as yields on U.S. Treasuries exceeded 5 percent for the
first time since August.
The government seeks to sell as much as 1.5 billion pesos
($488 million) in the first such sale since defaulting on $95
billion of debt six years ago. The government will accept bids
on the 5-year bonds with a coupon of 10.5 percent, until 1 p.m.
New York time today.
Read more at Bloomberg Bonds News
12 percent per year for its first issue of a fixed-rate peso
bond as yields on U.S. Treasuries exceeded 5 percent for the
first time since August.
The government seeks to sell as much as 1.5 billion pesos
($488 million) in the first such sale since defaulting on $95
billion of debt six years ago. The government will accept bids
on the 5-year bonds with a coupon of 10.5 percent, until 1 p.m.
New York time today.
Read more at Bloomberg Bonds News
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