Argentina boosts central bank reserves with bond issuance

Central Bank of Argentina

The Central Bank of Argentina's reserves have grown to their highest level since November 2013 after the government transferred the proceeds from a bond auction earlier this week.

Argentina raised $1.4 billion through the issuance of dollar-denominated debt on Tuesday, drawing bids for more than three times the amount on offer, despite legal risks stemming from its long battle with hedge funds over debt it defaulted on in 2001.

President Cristina Fernandez, who calls the creditors suing

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