RIO DE JANEIRO, BRAZIL - Argentina, which is facing a domestic currency crisis, strict capital controls and a drop in its foreign reserves, is trying to attract cautious investors, with a bond issue tied to the US dollar auctioned on Tuesday.
The bond is part of a range of government and local central bank measures to restore confidence in the Argentine peso and encourage local savings. Argentina has restructured over US$100 billion in foreign currency debt in recent months.
The restructuring, which includes US$65 billion in debt issued under foreign law, has helped to pull the country out of . . .