Argentina’s largest companies are rushing to issue dollar debt as yields tumble, a tentative sign that President Javier Milei’s shock therapy is starting to restore investor confidence in the economy. Banco de Galicia y Buenos Aires SAU, the country’s biggest private lender, and YPF Luz s, the power unit of state-owned driller YPF SA, sold bonds, the latest of a series of deals that have raised just over YS$4 billion in hard-currency debt this year, the most since 2017.
October 15, 2024
SOURCE: BUENOS AIRES TIMES
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