Argentina plans $250 million 10-year local retap of its 7% bonar bond

By Aaron Hochman-Zimmerman

New York, Nov. 14 - Argentina (B3/B+) announced plans for a $250 million 10-year local reopening of its 7% bonar bond, according to a market source.

Argentina is aiming for a 10.36% yield which translates to approximately a 608 basis point spread over Treasuries.

The bond has recently traded between 603 bps and 613 bps over Treasuries.

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