Buenos Aires City to sit on dollar bond

Buenos Aires City to sit on dollar bond

Argentina Bonds

Argentina’s default on July 30 has forced the country’s capital to postpone plans for a dollar-denominated bond, the city’s deputy finance secretary told LatinFinance. The city of Buenos Aires had mandated Bank of America-Merrill Lynch, HSBC and JPMorgan for the transaction, to be part of a liability management exercise. The banks were set to open the books on July 31. “Clearly, because we’re a pseudo-sovereign, the market became much more expensive for us,” said Gustavo Eglez, the city's deputy

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