Economy / Argentina
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Time For Bonding
November 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Bonar VII was first launched at the beginning of September 2006 with a yield of 8.46%, which, thanks to high demand, has fallen by almost 40 bps to 8.07% at the end of November. The decision to launch a further tranche of the instrument comes after both the external and domestic economic conditions are looking very favorable, which enables Argentina to profit from lower borrowing costs. On the one hand, Q306 US real GDP growth came in higher than