Investment Banking

Argentina’s new debt offering drawing strong demand

Government is prepared to sell as much as $15 billion in first global debt offering since default in 2001

Argentina’s new debt offering drawing strong demand
Photo: iStockPhoto

Argentina is receiving strong demand for a global debt offering that could reach $15 billion, attracting an array of investors looking for higher yields in a period of low interest rates.

The bonds are likely to be priced April 19, said a person familiar with process. The underwriting banks still are taking orders, though demand has already reached about $70 billion, this person said.

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