BUENOS AIRES (Reuters) – Argentina tempted wary investors with a dollar-linked bond on Tuesday, issuing around $1.8 billion of the instrument it hopes will help bolster the peso amid a domestic currency crisis, stringent capital controls and tumbling foreign reserves.
The bond is part of a series of measures by the government and the central bank to revive confidence in the peso and encourage local savings. Argentina restructured over $100 billion in foreign-currency debt in recent months.
The restructurings, including $65 billion in foreign-law debt, helped pull the grains-producing nation out of default, but its access to global markets is very restricted. A mission from the International Monetary Fund arrived in the country on Tuesday to start talks for a new deal.
“The government has to