Buenos Aires places local paper

Buenos Aires places local paper

Bonds Debt Capital Markets Fixed Income Economy & Policy Argentina

The Buenos Aires city government went to the market Tuesday to sell up to $100 million in two-year bonds to refinance debt, even as uncertainty swells about the national debt. The city government said the peso-denominated bonds will be issued Friday, according to a securities filing. The bonds will pay 500 basis points over Badlar, or what commercial banks pay for 30- to 35-day deposits of more than ARS1 million. Badlar was 45.06% on November 22, according to data from the Argentine central bank

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