UPDATE 1-Cash-strapped Argentina receives strong demand for bond top-up

April 21, 2015 10:58 PM

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BUENOS AIRES, April 21 (Reuters) - Cash-strapped Argentina sold $1.4159 billion worth of local law Bonar24 bonds in a top-up on Tuesday, receiving bids for more than three times the amount on offer, the Economy Ministry said.

The strong demand, despite risks to payment of the bonds stemming from Argentina's long-running battle with holdout creditors, suggests investors are keen to gain exposure to the country ahead of elections in October.

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