BUENOS AIRES, Jan 10 (Reuters) - Argentina refinanced $1 billion in expiring Treasury notes after receiving orders worth $2.9 billion, the finance ministry said in a statement on Wednesday.
The ministry said the sale was split between $500 million in 196-day notes expiring in July, which received $1.9 billion in orders, and $500 million in 364-day notes expiring next January, which received $976 million in orders. Argentina has $30 billion in financing needs in 2018, and last week it sold $9 billion in U.S.-dollar bonds. (Reporting by Luc Cohen; Editing by Tom Brown)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.