Venezuela is willing to continue buying debt bonds from Argentina, President Hugo Chávez said.

"From time to time, the Argentine government asks us to buy some of its bonds that have a good yield and are backed by the prestige of Argentina. As far as we can, we will buy them," said Chávez upon his arrival in Buenos Aires.

"We are ready to continue purchasing bonds. We are both interested," said Chávez before a meeting with the presidents of Argentina, Cristina Fernández, and Brazil, Luiz Inácio Lula da Silva, who is also visiting Buenos Aires.

Earlier on Monday, Argentinean Finance Secretary Hernán Lorenzino said that there were no negotiations related to a sale of Argentinean bonds to Venezuela. However, he did not rule out such possibility, Reuters reported.

In recent years, Venezuela has bought Argentinean bonds exceeding USD 5 billion.