Blue Dollar Updates

Argentina’s Debt Dreams Soar with Ecuador’s Bond Win

Ecuador’s notable re-entry into global credit markets is perceived as a positive sign among investors who are keenly anticipating Argentina’s eventual return after years of exclusion from international financing. Ecuador executed a sale of US$4 billion in bonds on Monday, marking its largest global offering to date and its inaugural sale following the debt restructuring … Read more

Blue Dollar Note

Argentina reenters dollar debt market with US$1 billion at 9.26%

After nearly eight years absent from foreign-currency financing markets, Argentina’s Treasury disclosed the outcome of its auction: it successfully issued US$1 billion of a new four-year bond, featuring a 6.5% coupon, in accordance with Argentine law. Over 2,500 investors submitted bids exceeding US$1.4 billion. The yield at the cut-off price was established at an annual … Read more