Argentina sells bonds to Venezuela

Argentina sold $496 million in bonds to Venezuela to help boost its international reserves as it prepares to pay back the $9.8 billion it owes the International Monetary Fund.

Venezuela bought the dollar-denominated bonds maturing in 2012, known as Boden bonds, at ``market prices,'' Argentina said in its official gazette.

Venezuela is the largest buyer of Argentine debt, and has now bought $1.48 billion of Argentine bonds this year.

Argentina's President Nestor Kirchner said last week that the c