Thursday, June 01, 2006

Argentina’s Quasi-par Bonds To Start Trading




Argentina’s $8.3 billion quasi-par bonds, issued last year as part of that country’s debt swap program, will start to be quoted in the markets this Friday, June 2. The peso-denominated bonds are indexed against CER and have a maturity of 42 years. They are expected to trade with a yield of around 6%. The instruments are mostly held by private pension funds (AFJPs) or insurance companies.


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