Weekly Report - 10 November 2016 (WR-16-44)

ARGENTINA: Warnings over ‘Festival of Bonds’

The Argentine government led by Mauricio Macri has been warned that its constant issuance of sovereign bonds following its full reintegration into international financial markets to try to raise much needed funds could reach a tipping point. The warnings came after the Macri government announced two new bond issues on 8 November. The first, to be paid in Argentine pesos, totals Ar$333.1m (US$22.16m) whilst the second will be added to a September issuance of US$300m to the value of US$50m.

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