Chubut Targets Next Week With 9 Handle

Chubut Targets Next Week With 9 Handle

Argentina Bonds Structured Finance

Argentina’s Chubut province is planning to price a $150m 2020 bond June 30. The 7.75% bond carries yield talk in a 9.00%-9.50% range, implying a large discount, according to bankers on the deal. The oil and gas royalty securitization is set to be allocated $50m to domestic markets and $100m internationally, the provincial government has said. The notes will be backed primarily by hydrocarbon royalties to be paid by Pan American Energy, which has been awarded the production concession for ce

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial