Bloomberg News

Argentina’s Finance Secretary Says New Bonds Properly Listed

March 27, 2012

Argentine Finance Secretary Adrian Cosentino said the country’s dollar-denominated bonds due in 2018 and issued in November were properly listed in the country’s securities exchanges last year.

Cosentino made the comments to reporters in Buenos Aires today, responding to a Bloomberg News report that the national pensions agency was the likely buyer of the bonds and that the sale wasn’t announced in Argentina’s official gazette or on the Economy Ministry’s website.

On the sale of $2.3 billion of seven-year dollar bonds:

“These bonds were correctly listed in 2011 and they were issued in the context of the inter-state debt issuance program.”

The sale, “validates the financial policy of optimal use of internal resources and allowing Argentina to show indicators on the evolution and sustainability of debt that are growing stronger.”

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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