Buenos Aires sets initial talk for benchmark dollar notes due 2024 at mid-to-high-9% area

By Christine Van Dusen

Atlanta, March 9 – Buenos Aires set talk in the mid-to-high-9% area for a dollar-denominated offering of benchmark-sized amortizing notes due in 2024 (Caa2/B-), a market source said.

The notes will have an average life of seven years and have three equal amortizations in 2022, 2023 and 2024.

Citigroup, HSBC and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for funding social, infrastructure and other public investment projects, as well as for debt refinancing.

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