May 10, 2022 |
Buenos Aires plans to sell up to ARS7.5 billion ($64.2 million) in two-year, peso-denominated bonds in the local market on Tuesday to help finance infrastructure projects in Argentina's largest province, betting on strong demand after improving its debt sustainability over the past two years.
The bond will pay Badlar, a local reference rate now at 44.63%, plus a margin to be determined at the auction, according to a press release. The bookrunners for the deal are Adcap, Balanz, Banco Provincia,
Argentina's largest province plans to sell up to $64 mln in peso-denominated notes in the local market