Argentina made its return to international financial markets Monday
Buenos Aires - AFP
Argentina made its return to international financial markets Monday, receiving offers from investors for its sovereign bonds in its first debt sale in 15 years, a government source said.
"We have started to receive offers. We will know the total amount" on Tuesday, a source in the finance ministry, who asked not to be named, told AFP.
"We cannot announce anything for the moment. We will make a statement tomorrow at midday."
Argentina is seeking to end 15 years of financial isolation by borrowing cash on international credit markets for the first time since a 2001 default.
The country is looking to boost its struggling economy and settle a 15-year lawsuit by US investment funds which its ex-president Cristina Kirchner branded "vultures."
Now (NYSE: DNOW - news) that a US court has cleared the way for Argentina to start borrowing again, the government planned to issue a reported $15 billion in medium- and long-term bonds.
The finance ministry earlier said it had enlisted Deutsche Bank (LSE: 0H7D.L - news) , HSBC, JP Morgan, Santander, BBVA (Amsterdam: BA6.AS - news) , Citigroup (NYSE: C - news) and UBS (LSE: 0QNR.L - news) to organize the bond sale.