Argentina says euro bonds more than four times oversubscribed

BUENOS AIRES: Argentina received 11.5 billion euros ($13.41 billion) in orders for three euro-denominated bonds sold on Thursday, the Finance Ministry said, with the $2.75 billion debt auction more than four times oversubscribed.

South America's No. 2 economy sold 1 billion euros in 5-year bonds at a 3.375 percent interest rate, 1 billion euros in 10-year bonds at 5.25 percent, and 750 million euros in 30-year bonds at a 6.25 percent, as Thomson Reuters publication IFR reported earlier.