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Emerging MarketsEM LatAm

Arg corporates face new hurdles as central bank limits dollar access

Argentina, court, law, documents, contract, judge, restructuring, LatAm, 575

Argentina’s recently restructured international bond curve looks further than ever from the 10% yield target that the finance minister had set. New currency controls aimed at halting the decline in international reserves have had a catastrophic impact on both corporate and sovereign bond markets, and are likely to spell major trouble in the long term, analysts say.

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