Argentina returns to global financial markets

摘要

Buenos Aires-Argentina’s return to international capital markets this week with a chart-busting $16.5 billion bond sale after a 15-year absence is expected to improve financing conditions for oil exploration and production, but not bring in a sudden influx of investment, analysts said Wednesday. The renewed access to global markets is expected to help the government reduce Argentina’s nearly 40% inflation and pull the country out of a recession, likely in 2017. This will make it possible to bring down lofty interest rates to encourage borrowing. The benchmark rate has been running between 30% and 38% this year.