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
 

 

 

 

Comments

Comments are closed.