Govt bonds

[bobsnowpuppy]

El Gobierno colocará hoy tres bonos en dólares a 5, 10 y 30 años con tasas de hasta 7%
Argentina presentó una guía inicial de rendimiento en el área alta de 4% para el tramo a 5 años, de 6,25% para el título a 10 años y en el área baja de 7% para el bono a 30 años. Citigroup, Deutsche Bank y HSBC son los agentes encargados de la emisión. Desde la cartera de Luis Caputo dijeron que "no hay monto definido para la operación; se definirá de acuerdo al mercado".

My guess is that these will be deeply discounted by the market

 

[TomAtAlki]

When you say they will be deeply discounted, does that mean that you pay less but get the face value resulting in a higher interest rate? If so, any guess on what that rate (or discount) would be?

 

[bobsnowpuppy]

Yes that's exactly what I mean. No way are these going to sell at face value for a 7% coupon on a 30-year Bond issued from this country. The yield has to reflect the risk. The market will take care of that in the pricing.

 

[Bajo_cero2]

Here is the answer:

 

[bobsnowpuppy]

The answer to what?

 

[Bajo_cero2]

To how does it finish.