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Dec 28 Argentina said on Monday
that it sold $1 billion of dollar-denominated Bonar 2016 bonds
to help importers settle their backlog of payments that had
ballooned under the previous government’s capital controls.
The new, center right government of President Mauricio Macri
said last week that it would issue up to $5 billion in Bonar
2016 bonds. It is unclear whether the government
plans to sell more bonds later.
The economy ministry said importers could buy the bonds,
which have a 6 percent coupon, with pesos and sell them to
receive dollars they need to pay off their debt.
Importers’ outstanding debt grew after former President
Cristina Fernandez’ restri…
Read the full article at: http://www.reuters.com/article/argentina-debt-importers-idUSL1N14H1B520151228