Investors can't get enough of Argentina's first bonds in 15 years

Source: Business Insider
04.19.2016

Fifteen years after defaulting on more than $90 billion (£63 billion) of sovereign debt, Argentina has returned to the bond market.

And investors are scrambling to buy in to the new issue.

The country is aiming to raise $15 billion (£10 billion) from its bond sale, but attracted orders worth $65 billion (£45 billion).

"Argentina is back," said Finance Minister Alfonso Prat-Gay, according to the BBC.

The country is coming back to the markets at the right time.

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