The bond sale spree in Argentina has spread into the public sector, with Buenos Aires City returning to global markets after almost a decade and bringing foreign debt issuance to almost US$3.5 billion in the past three weeks, topping the volume of the previous five months combined.
Buenos Aires City issued US$600 million in eight-year dollar bonds on November 18 – the first time the City sold international debt since 2016, according to data compiled by Bloomberg.
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