Province of Neuquen launches $235 million 12-year notes at 8 5/8%

By Christine Van Dusen

Atlanta, May 5 – Argentina’s Neuquen Province launched a $235 million offering of 12-year notes at 8 5/8%, a market source said.

The notes were talked in the 9˝% area.

Deutsche Bank and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to make an exchange offer on the province’s outstanding 7 7/8% notes due in 2021.

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