Albanesi to sell local notes

Albanesi to sell local notes

Corporate & Sovereign Strategy Bonds Debt Fixed Income Energy Electricity Latin America South America Argentina

Argentine power generation company Albanesi Energía said it will seek up to $40 million in the sale of two series of 30-month bonds in the local market this week. The company will hold the auction on Thursday for a minimum of $20 million and increase the amount based on demand, according to a securities filing. One of the bonds will be linked to the peso’s currency depreciation against the US dollar, while the other will be linked to inflation, and both will pay a rate of interest to be determin

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