August 6, 2013
Argentina’s Buenos Aires Province has sold $200m in 18-month fixed-rate bon
Argentina’s Buenos Aires Province has sold $200m in 18-month fixed-rate bonds, according to a person following the sale. The new bond will pay 4.24%, and received more than $280m in orders. Puente and Banco de la Provincia de Buenos Aires (Bapro) managed the transaction, rated Baa3 on a national scale. The bonds, payable in ARP, replace previously issued one-year debt, and come under a program of up to $800m.