Chubut Prices Hydrocarbon-Backed Note

Chubut Prices Hydrocarbon-Backed Note

Argentina Bonds Project & Infrastructure Finance

Argentina’s Chubut province has sold $220m in 2019 dollar-linked bonds backed by oil revenues, according to people familiar with the transaction. The bond priced at par with a 4.0% coupon, and saw demand of $318m. Chubut’s notes are guaranteed by taxes the province gets from oil exports, and are raising proceeds for infrastructure funding, mainly community centers and hospitals. Puente was lead bookrunner and BNP Paribas and Banco del Chubut as co-bookrunners on the deal, rated A on a national s

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