Bloomberg News

Argentina Keeps Bond Sale Option Open in 2012, Statement Says

October 04, 2011

Oct. 4 (Bloomberg) -- Argentina may issue bonds next year to finance obligations, according to filing to the U.S. Securities and Exchange Commission.

In 2012, the government “is planning to finance debt services with a variety of sources, including: primary surplus, new debt from multilateral organizations, intra public sector issuances, new debt issuances in the market and liability management operations aimed at alleviating debt services,” the Sept. 30 filing, known as an 18-k, says.

The government made a similar statement last year and hasn’t sold bonds since.

Argentina has been blocked from international debt markets since its record $95 billion default in 2001. The government’s SEC filing doesn’t specify whether it would issue debt locally or in international markets.

The government will have to pay 44.8 billion pesos ($10.7 billion) in interest payments for bonds issued in the 2005 restructuring next year, while 176.4 billion pesos of principal payments are due, according to the statement.

Argentina owes an additional $8.9 billion in principal and penalties to the Paris Club group of creditor nations, which includes the U.S., Germany and Japan, the filing said. Negotiations over how to pay that debt are continuing.

--Editors: Bill Faries, Brendan Walsh

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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