Argentina’s US$1-billion bond buyback is baffling investors

[MilHojas]

Argentina’s US$1-billion bond buyback is baffling investors

While repurchasing the bonds at a fraction of their face value could ultimately save the country hundreds of millions of dollars in interest and principal payments, investors point out that the government doesn’t have very much room in Central Bank coffers to fund such a lavish buyback.

batimes.com.ar

 

[Rich One]

Some critics question why the bond buyback was made now when the value is 30 % of the face value , when a month ago was 20%..! Also the frenzy of bonds traded before the buyback was much higher than normal..? (Insider trading ? )