(CNBC) Argentina is set to launch a $12 billion-plus bond that would mark a return to the capital markets after 14 years and settle a lengthy dispute with global hedge funds.On Thursday, the Argentinian Senate voted 54-16 to allow President Mauricio Macri to issue the bond and use part of the funds raised to pay so-called holdout creditors, according to news wires. This would mark the country’s re-entry to the global capital markets since its massive default in 2001-2002.
Argentina Set To Launch Bond, End Hedge Fund Battle
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