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Argentina

Argentina

Location Type
Country
Parent Location
South America

  • Has gained a reputation for sovereign defaults
    • At least 8 defaults since 1827, most recently in 2014
    • Additional periods of sovereign debt bear markets and near defaults

100 Year Bonds (Century Bonds)
  • In June 2017 Argentina raised $2.75 billion via a 100-year dollar bond.
  • A year late the country faced fiscal issues - requiring a bailout from the IMF
  • The price of the bonds dropped below 70 cents / dollar
  • The bonds were considered by some to represent a peak insanity
    • Who would sign up for a 100 year loan to a country that has had 8 defaults in the past?

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