The city of Buenos Aires has received proposals from at least 10 banks for the 10-year bonds it may sell by April 2011, Bloomberg reports. In March 2010, Buenos Aires raised $475 million through the sale of bonds. It had appointed Credit Suisse to manage the March sale and paid a fee of 0.75%. Buenos Aires was one of the four regional governments to resume selling bonds overseas in 2010 as the federal government restructured $12.2 billion in defaulted debt remaining from Argentina’s $95 billion default in 2001.

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