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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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Author:Downie, Andrew
Publication:Latin Trade
Date:Dec 1, 2000
Words:97
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