Published on 9/7/2006 in the Prospect News Emerging Markets Daily.
New Issue: Argentina prices $500 million Bonar VIIs to yield 8.40%
By Caroline Salls
Pittsburgh, Sept. 7 - Argentina auctioned $500 million of Bonar VIIs at 927.03 to yield 8.40%.
Demand for the issue was $1.44 billion, the nation's Ministry of Economy and Production said. A total of 76 bids were accepted.
Issuer: | Argentina
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Issue: | Bonar VII (Bono de la Nacion Argentina en dolares estadounidenses)
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Maturity: | 2013
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Coupon: | 7%
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Price: | 927.03
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Yield: | 8.40%
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Auction date: | Sept. 7
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