Argentina casts a wide net for cash
By: Benedict Mander
Argentina’s thirst for dollars has been temporarily quenched by a $1.4bn bond sale but a state visit to Russia this week is unlikely to yield significant support for its languishing economy.
Hindered from issuing debt in international capital markets by a long-running dispute with a group of holdout hedge funds, Argentina succeeded in issuing dollar-denominated debt under local law on Tuesday to bolster precariously low foreign exchange reserves.
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