October 25, 2019 |
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
Argentina's southern oil-producing province raises more funds than expected before a potential tightening in access to capital markets