Argentina returned to the international bond markets for the first time in 15 years on Monday as it winds down a long-running battle with investors following its 2001 default, IFR reported.
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.
Argentina has offered to pay about $6.5bn in cash to US holdouts, in an attempt to put an end to a decade-long legal dispute. The FT reports.
One debt-mired Socialist country may soon return to the capital markets, say analysts — but it's not Greece.
Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.