Wednesday, 06 June 2007

Argentina to Sell Fixed-Rate Peso Bonds for First Time Since 2001 Default

(Bloomberg) -- Argentina plans to sell as much as
1.5 billion pesos ($488 million) of five-year bonds in its first
fixed-rate bond sale since defaulting on $95 billion of debt six
years ago.

The bonds, known as Bonars, will pay an interest rate of
10.5 percent, the Economy Ministry said in a statement.
Argentina will accept bids on the bonds through 1 p.m. tomorrow
New York time.


Read more at Bloomberg Bonds News

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