UPDATE 1-Argentina says bond proceeds deposited in central bank reserves

April 23, 2015 10:29 PM

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BUENOS AIRES, April 23 (Reuters) - The proceeds from Argentina's bond auction earlier this week have been deposited in its central bank reserves, President Cristina Fernandez said on Thursday, putting them out of reach of creditors suing the South American country.

Argentina sold $1.4 billion worth of dollar-denominated paper 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 2002.

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