Buenos Aires halts bond sale amid market jitters

Buenos Aires halts bond sale amid market jitters

Argentina Bonds

The province of Buenos Aires has halted plans to issue ARS7.5bn ($468m) in bonds after the spreads on Latin American paper in the secondary market were hit by a sell-off in US stocks and new corruption reports from Brazil. "Markets opened up too weak, and then the issue in Brazil basically ruled out anything else," a debt capital markets banker said.The Argentine province was set to auction a five-year, floating-rate, peso-denominated bond to international investors on Thursday under Rule 144A/

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial