Argentina's First Post-Default Fixed-Rate Issue Sold to Yield 11.7 Percent

(Bloomberg) -- Argentina sold $487.4 million of
five-year fixed-rate peso bonds to yield 11.7 percent, the first
offering of fixed-rate debt since the country defaulted six
years ago.

Argentina obtained bids totaling $1.7 billion, or about
triple the amount offered, the economy ministry said in an e-
mailed statement. Argentina last sold debt May 10. when it
issued $750 million of 10-year dollar bonds to yield 8.44
percent.


Read more at Bloomberg Bonds News