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Argentina puts off plans to float its first international bond since 2001
Mercopress
August 03, 2010

Argentina is drawing on central bank profits to meet financing needs, putting off plans to sell its first international bond since 2001 as yields tumble. The central bank's board on July 29 approved a transfer of 3 billion pesos (762 million USD) from the bank's 23.5 billion pesos in 2009 profits to the government, following a 1.5 billion peso transfer in February, spokesman Fernando Meanos said.

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