Chubut Closes in on ABS

Chubut Closes in on ABS

Argentina Structured Finance

Argentina’s Chubut province is closing in on a $150m 2020 bond, with all of the orders having come in and pricing for both the international and domestic tranches expected to be finalized with in the next 4 days, according to a banker managing the domestic portion. He declines to state an indication of the price, saying only that the deal has gone “very well” and is oversubscribed. Previously, yield talk for the 7.75% coupon bond had been in the 9.00%-9.50% range. The oil and gas

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