Argentina will head to the markets with its long-awaited multibillion-dollar bond issuance next week, according to media reports citing people familiar with the deal.
The deal is set to top $12 billion and would mark the country's re-entry to the global markets since its massive default in 2001-2002.
"I think it will appeal to a broad swathe of investors in search of yield — but a more responsible yield, as the government adopts more orthodox macroeconomic policies," Fiona Mackie, the Economist Intelligence Unit's lead analyst on Argentina, told CNBC on Friday.
"It is becoming very difficult in Latin America to find a credit that is not going through economic difficulties that have been brought on through economic mismanagement," she added.
The funds raised would be used to repay so-called holdout creditors who have sued the country for repayment. These include U.S. billionaire Paul Singer's Elliott Management.