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MERCOPRESS/ Experts doubt Argentina can get away with selling global bonds with interest rates below the 10% rate it is seeking. For the first time since 2001, President Cristina Kirchner wants to tap the global credit markets after restructuring about 20 billion USD of bonds. “To make the bonds attractive, Argentina will have to pay more than 10%," said analyst Sylvia Marengo. “The 2001 debt default, quickening inflation and not very reasonable economic policies all have a price.” Marengo believes it will pay about 12% on any new bonds.31 March 2010
ARGENTINA: Doubts Over New Bonds Pricing.
MERCOPRESS/ Experts doubt Argentina can get away with selling global bonds with interest rates below the 10% rate it is seeking. For the first time since 2001, President Cristina Kirchner wants to tap the global credit markets after restructuring about 20 billion USD of bonds. “To make the bonds attractive, Argentina will have to pay more than 10%," said analyst Sylvia Marengo. “The 2001 debt default, quickening inflation and not very reasonable economic policies all have a price.” Marengo believes it will pay about 12% on any new bonds.