Argentina Set to Raise $19 Billion in Bonds

Argentina is soon making a huge come back into the long-awaited international bond market to raise about $ 12 billion. The government decided to make this move to raise money to cater for settlements for numerous government creditors in Argentina.

The move, which was announced by the government’s finance secretary will sparkle fierce battle among investment companies who are looking forward to grabbing a share of the bonds. One of the enterprises that have already lined up for the massive cut is Highland Capital Management, a Dallas-based investment firm co-founded and headed by James Dondero.

The firm already owns a significant part of Argentina’s $ 4 billion notes due in 2033. According to James Dondero, the company is looking forward to increasing the amounts of bonds bought from Argentina by holding on what they have and buying more. The company is set to be among the biggest winners if the District Judge lifts the ban that barred the country from repaying its restructured debt.

James Dondero is a famous self-made Dallas hedge fund manager with a net worth close to $ 19 billion. Alongside brilliant and ambitious people, he founded Highland Capital Management, an investment company that commands a huge client base from different parts of the world.

Dondero has vast experience in financial analysis and hedge fund management that spans three decades. Before joining Highland Capital, Dondero was among the pioneers who formed and implemented the Collateralized Loan Obligation in the country. Dondero also worked at American Express where he helped build a $ 1 billion portfolio before moving to GIC, a subsidiary of Protective Life. At GIC, he helped propel the company to $ 2 billion worth of assets. Dondero’s passion for new things made him quit his job at GIC and co-founded Highlands Capital.

Mr Dondero’s skills and experiences earned him admiration in the financial investment industry. He is a member of MGM Studio and America Banknote board of directors. He also chairs the board meeting at Cornerstone Healthcare, NexBank and CCS Medical Corporation. He is a graduate of the University of Virginia where he majored in accounting and finance. He is also a Certified Management Accountant and Chartered Financial Analyst.

His brilliance is unmatched, and his work is recognized worldwide. He earned the Morning Star 5-star award for Global Allocation. He also earned the Lipper Award for his activities in Floating Rate Opportunities. James is also popular as Jim in Texas.

Source: http://www.bloomberg.com/news/articles/2016-03-08/argentina-luring-highland-shows-distressed-bond-buyers-to-stay

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