Argentina to sell $500 million to $750 million of 10-year Bonar X

By Reshmi Basu

New York, April 11 - The government of Argentina plans to issue a dollar-denominated offering of bonds due April 17, 2017, according to the statement by the Ministry of Economy and Production.

The size of the deal will range from $500 million to $750 million.

The ministry said the new bonds, which are called Bonar X, will bear a coupon of 7%.

Pricing is expected to take place Thursday, while the settlement is scheduled for April 17.

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