November 27, 2019 |
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
Argentine capital looks to raise $100 mln from a two-year deal