Argentina's Capex mandates to meet maturity challenge
Capex SA, the Argentine electricity company, is planning a $300m bond sale with Standard & Poor's promising an upgrade should the borrower successfully be able refinance its forthcoming maturities.
B-/B rated Capex is understood to have mandated Deutsche Bank and JP Morgan to manage the bond sale, which it approved this week. The bond will be issued under a $600m global notes programme that it had approved on March 15.
The company issued its only previous international bond
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