Chubut sells notes ahead of presidential election

Chubut sells notes ahead of presidential election

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Economy & Policy Fixed Income Funds Project & Infrastructure Finance Energy Argentina

Chubut, an oil and gas producing province in southern Argentina, on Thursday raised a more-than-expected ARS500 million ($8.4 million) in peso-denominated notes, a move that analysts said was timed to secure funds ahead of a potential tightening of access to capital after the presidential election on Sunday. The province sold more than the ARS300 million it had set as a minimum in the auction for the 88-day bullet notes, it said in a securities filing. The notes priced at a fixed rate of 75%, it

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