Argentina : comeback to world market after 15 years

On Wednesday, the U.S. Court of Appeals upheld an earlier decision that allows Argentina to issue bonds and payoff its creditors it has owed since the country defaulted in 2001.
The ruling is a major victory for Argentina, which slugged through a legal debt battle with American hedge funds known as "vultures" in Latin America.
This week, Argentina's brass is on a "road show" in London, New York and elsewhere in the U.S. to pitch investors on $15 billion in governments bonds, amount second only to Mexico, which holds the record with a $16 billion debt offering in 1996. 

Expectations interest rate are between 7% and 9% and according to Argentina's finance minister, the country could start next week. Merval, stock market index, welcomed the news, rose by 4.7% in Wednesday's session, the highest recorded rise in the world yesterday.

Argentina, which during Kirchner presidency (Nestor and then his wife Cristina), lasted from 2003 to 2015, refused to pay the holdout creditors as a sign of patriotism.