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The Luxembourg Stock Exchange (LuxSE) listed and admitted to trading a sovereign bond issue from the state of Argentina on 4 May, the first new debt issuance from Argentina since 2001.
The bonds are listed on the Euro MTF market of LuxSE. With a total amount of USD 16.5 billion issued, this is the largest emerging market single day issuance on record. Take up for the issue was considered a significant success, being four times oversubscribed on the primary market. This listing continues a recent trend by Latin American sovereigns as it becomes the 13th Lat-Am bond and the 9th Lat-Am country to list on LuxSE in 2016. USD 9.3 billion of the proceeds will be used to settle unpaid debt from the 2001 default. This is expected to lower funding costs for Argentina, attract...
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