75 billion worth of 3 year notes at 6

Argentina returns to global debt markets after 15

BUENOS AIRES (Reuters) Marking a rare bright spot among gloomy emerging markets, canada goose Argentina sold $16.5 billion of sovereign debt on Tuesday in its first international bond issue since canada goose uk outlet its record 2002 default.

Argentina’s Finance Minister Alfonso Prat Gay arrives for a news conference in Buenos Aires, Argentina, February 29, 2016. REUTERS/Marcos Brindicci

Most proceeds from the auction, which was four times oversubscribed, will buy canada goose jacket cheap go to finally settling buy canada goose jacket Argentina messy legal dispute with investors over unpaid debt that emerged from the $100 Canada Goose Outlet billion default canada goose store that plunged millions of middle class Argentines into poverty.

New President Mauricio Canada Goose Coats On Sale Macri hopes closing that painful chapter in the country history will bring down borrowing costs across Latin America cheap Canada Goose third canada goose coats on sale largest economy and attract the investment needed to kickstart growth.

Investors seemed convinced of his strategy on Tuesday. Argentina received canada goose clearance offers worth $68.6 billion from uk canada goose outlet investors around canada goose coats the world, two third Canada Goose sale of them based in the United States, Finance Canada Goose online Minister Alfonso Prat Gay said late on Tuesday.

could even have issued twice as many bonds, Prat Gay told a news conference in Buenos Aires. Friday, when we receive the funds in our account, we will pay the $9.3 billion owed to holdouts.

Argentina managed to sell the bonds at yields Canada Goose Online at the lower end of its price Canada Goose Parka guidance due topparka to the strong interest.

It sold $2.75 billion worth of 3 year notes at 6.25 percent, $4.5 billion of 5 year bills at 6.87 percent, $6.5 billion of 10 year bonds at 7.5 percent and $2.75 billion of 30 year bonds at 7.62 percent.

A man reads a cheap canada goose uk newspaper as he walks in Buenos Aires’ financial district, Argentina, April 18, 2016. REUTERS/Marcos Brindicci

is a grab fest out there, one New York based investor told Thomson Reuters publication IFR earlier in the day.

Macri, a free markets champion, won the Argentine presidency last year on promises of opening and restarting the stagnant canada goose factory sale economy. He argued settling with the Canada Goose Jackets creditors from an earlier debt restructuring and canada goose uk ending Argentina status as a markets pariah was key.

That canada goose black friday sale was a major contrast with his predecessor as president, Cristina Fernandez, who refused to negotiate with hedge funds that rejected the country 2005 and 2010 restructurings canada goose uk black friday which offered about 30 cents on the dollar.

fact that a government with only four months in power canadian goose jacket has solved this issue, which had been pending canada goose uk shop for more than a decade, is a major success for Macri, said Ignacio Labaqui, who analyzes Argentina for consultancy Medley Global Advisors.

Pedestrians walk by the Buenos Aires Stock Exchange, Argentina, April 18, 2016. REUTERS/Marcos canada goose clearance sale Brindicci

Better access to financing is expected to help Macri carry out his open market policy reforms without the severe spending cuts that have gotten previous Argentine leader uk canada goose thrown out of office.