Local currency bonds lift Argentina appetite to new heights

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Local currency bonds lift Argentina appetite to new heights

Argentina, Mauricio Macri
Argentina's President Mauricio Macri gives a statement at the government house in Buenos Aires, Argentina, Thursday, April 7, 2016. An Argentine prosecutor on Thursday asked for an investigation into President Mauricio Macri's role in offshore companies, adding to the global fallout from a massive leak of documents from a Panama law firm. (AP Photo/Natacha Pisarenko) | Natacha Pisarenko/AP/Press Association Images

A strong market backdrop and bond investors’ continued love affair with Argentina allowed state oil company YPF and private sector lender Banco Macro to sell fixed rate peso-denominated bonds to international buyers — trades that would have been unthinkable just months ago.

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