Argentina: the return on the market is a success

The return on Argentine international markets after 15 years of "forced exile" was a success. Buenos Aires has placed on the bond market, resulting in $ 15 billion of loans with offers that have exceeded 65 billion dollars.
Argentina does not issued government bonds since the public finances in 2001 did collapse, triggering a default 100 billion of debt. In an environment of low interest rates and the search for yield on Argentina's debt it has obviously attracted the attention, it being possible to provide a return to attractive investment for many investors, even institutional.

The yield of the new year bond stood at 7.5 to 7.625%, below the expected levels, with short-term bonds (three and five years) who instead showed a rate of 6.4% and 7%, respectively . The title Thirty years would ensure a return of 8%.

The issue brought Argentina and the long time spent out of markets is one of a kind. And just think that Greece, returned to the market in 2014 after the restructuring of the largest debt in history, let out stocks with a collection of 3 billion, a fifth of what has been collected by Argentina.