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Markets

Argentina issues $950mn in treasury notes

Published January 8, 2019 Updated January 8, 2019 09:38pm

BUENOS AIRES: Argentina sold $950 million in dollar-denominated 217-day Treasury notes on Tuesday, with an annual interest rate of 4.75 percent, the Treasury Ministry announced.

The bonds, known as "Letes," will mature in August this year. They are used to take pressure off the exchange rate in times of recession and high inflation.

Copyright Reuters, 2019
 

 

 

 

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