Argentina’s ‘absurd’ Century Bond never got a chance to grow old – the Wall Street Journal

Argentina’s ‘absurd’ Century Bond never got a chance to grow old – the Wall Street Journal

Argentina’s “bond of the century” did not last long, but its rise and fall are lessons for investors in an era of optimistic markets despite widespread economic dislocation.

An August restructuring ensures that foreign creditors will receive just over half of what they were owed on $ 65 billion in debt, including 100-year bonds the government sold three years ago to the stronger from a declining…

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