Arcor Puts Out Guidance

Arcor Puts Out Guidance

Argentina Bonds

Arcor has issued official yield guidance of 7.5% area for a new bond, expected to price as soon as today. The Argentine candy marker has been meeting investors since last week to pitch a 7-year $200m bond, and is heard with a $2bn book. After whispering in the 8% area earlier this week, B1/B+ Arcor is able to tighten, investors say, on the high demand and on its blue-chip status within Argentina. “In a lot of ways this is like a BBB company,” says a West Coast EM-focused investor considering the

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