Argentina Central Bank Sold $1.17B of Importer Bonds

Argentina’s Central Bank sold $1.17 billion of importer bonds offered in an auction, the bank said in a statement Thursday.

• 480 offers were received in the second auction of Series 2, with all of them accepted
• Auctions to continue on a weekly basis until limit of $2b sold is reached
• NOTE: Under the terms of the bonds, importers are allowed to transfer the dollars they raise from selling the securities on the secondary market directly to their foreign providers

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