Jan
31
Argentina Agrees to Borrow $5 Billion From Wall Street Banks
By-
Country’s loan being backed by local sovereign bonds
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Argentina is set to resume talks with holdout creditors Feb. 1
Argentina’s central bank reached terms with seven Wall Street banks for $5 billion of loans as the government looks to bolster reserves ahead of talks with holdout creditors next week.
The one-year loan, finalized Friday, will be backed by sovereign bonds, according to an e-mailed statement from the central bank.
Argentina Agrees to Borrow $5 Billion From Wall Street Banks