Neuquen makes cross-border return

Neuquen makes cross-border return

Argentina Bonds

Neuquen rode heavy investor demand to print $366m in 7.5% 2025 paper yesterday, after bond buyers piled into an order book that ended up six times oversubscribed, debt capital markets sources said. Citi and Santander set initial price talk (IPTs) in the 8% area before tightening yield at guidance to 7.625% area, bankers said. The pair priced the new paper at par to yield 7.5%, after orders peaked at $2.3bn. The Argentine province's outstanding $235m in 8.625% 2028s tightened

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