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Source: Reuters
03.11.2016

Argentina's progress in settling a 15-year old battle with creditors could unlock more than US$30bn of new bond sales out of the South American country this year, as local governments and corporates join the sovereign in a rush to the capital markets.

The federal government alone is expected to tap foreign bond investors this year for anywhere between US$20bn and US$25bn as it seeks to make good on payments with litigant creditors, pay past due interest stemming from its 2014 default and cover a gaping fiscal deficit.

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