September 24, 2010
The Province of Buenos Aires, on the road in the US and Europe through toda
The Province of Buenos Aires, on the road in the US and Europe through today, is whispering 11.5%-12.0% yield guidance for a new 5-year bond, according to investors. Deutsche Bank and Bank of America Merrill Lynch are managing the process, which could raise up to $500m. The province is rated B3, and pursuing its first cross-border issue since a $400m 9.625% of 2028 issue in 2007, according to Dealogic. The B3 rated Cordoba province paid 12.375% for a $400m 2017 bond last month.