Buenos Aires to price $425 million amortizing senior notes Wednesday

By Reshmi Basu

New York, Feb. 26 - The Province of Buenos Aires (B3/B+) plans to issue a $425 million offering of fixed-rate senior notes via Barclays Capital and Deutsche Bank, according to a market source.

Pricing is expected to take place on Wednesday.

The amortizing notes are expected to mature in March 2028. The notes also will be non-callable.

Proceeds will be used for general corporate purposes, for debt amortizations and for capital expenditures. The expected issue will complete the province's financing needs in 2007.

The deal will be structured as a Rule 144A and Regulation S sale.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.