AA 2000 Seen Landing With 11 Handle

AA 2000 Seen Landing With 11 Handle

Argentina Bonds

Aeropuertos Argentina (AA 2000) is likely looking at a yield in the neighborhood of 11% for a new 2020 bond, according to investors following the process. Such a level would be attractive for the credit, says a European EM investor looking at the deal, adding that the covenant package is “very decent.” Investors note that the sale offers a decent pick up to the sovereign, if one is comfortable with regulatory risk and lack of liquidity. The airport operator is meeting investors in the US, Europe

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