March 12, 2013
The city of Buenos Aires is scheduled to price $50m-$100m in the domestic b
The city of Buenos Aires is scheduled to price $50m-$100m in the domestic bond market today, according to a regulatory document. The 2018 fixed-rate bond is rated AA on a local scale, and will fund subway infrastructure work. Puente is managing. BA issued $85m in 1-year bonds in December, paying 6.95%, to rollover debt issued the year before. It also sold a $100 18-month bond in October last year, paying 7.95%. The proceeds from the previous sales were also infrastructure-focused.