The libertarian government of Argentina's President Javier Milei announced Friday it would issue a dollar bond for the first time in nearly eight years, as the cash-strapped country seeks a return to international markets and faces an enormous sum of debt due in the coming months.
The dollar-denominated sovereign bond, issued under Argentine law and targeted at foreign and local investors, has an interest rate, or coupon, of 6.5% and matures in November 2029, the Economy Ministry said, without offering details on the size of the offering.
