Argentina's upcoming $750 million global bond deal should be well received, a Buenos Aires bank source said, noting the country's hard work in the past two years to "get its financial house in order."

While the South American country has defaulted on debt in the past, "for Argentina to default on this would be a total disaster," John West, a member of Banco Finansur's capital markets division, said in a telephone interview yesterday. West said he thinks a default is unlikely.

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