Mendoza Opts for Local over USD Debt

Mendoza Opts for Local over USD Debt

Argentina Bonds Loans

Argentina’s Mendoza province has postponed plans to issue up to $350m in the international bond market, instead opting for domestic bank loans, according to a government spokesperson. “We have postponed plans given high rates in the international market, but we have not ruled out plans to visit in the future,” the spokesperson says. The sub-sovereign has received an ARP400m ($87.5m) bank loan from Banco Macro and has another APR400m in the works from three additional banks. Mendoza’s finance min

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