www.ahorr.ar.
Argentina's sale of US$250 million in bonds over the Internet
in January makes it the first country to test the method as a way to
lower costs and attract a wider range of investors. In Argentina's
case, the e-bond platform widened the government's potential market
of buyers to 1,000, many of them individual investors. That compares
with the 50 to 75 institutional investors who normally participate in
Argentine debt sales. "So far, the savings has been minimal,"
says Argentine Finance Secretary Daniel Marz. "It will take
investors a while to get used to the method."
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