Chubut Delays ABS to Mid-July

Chubut Delays ABS to Mid-July

Argentina Structured Finance

Argentina's Chubut province has delayed until July 12 a $150m 2020 bond issue, according to a banker on it. He adds that the bookbuilding process is still under way and that local and international investors are showing strong interest. The 7.75% coupon bond carries yield talk in a 9.00%-9.50% range, implying a large discount. Terms on the deal have not changed, says the banker. The oil and gas royalty securitization is set to be allocated $50m to domestic markets and $100m internationally, the

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