Argentina

Argentine energy holding company Pampa Energía is planning to sell its peso-linked international bond on Wednesday, according to a filing with the local regulator.

Argentina’s second most populated province is preparing its second international bond issue of the year and will begin meeting investors on Monday.

Argentina had market participants choking on their churrasco this week with a century bond that triggered mixed reactions but sent a clear message about the bond market’s extraordinary ability to back any story it likes the sound of. Oliver West reports.

It is tale of the haves and have nots in EM this week as Argentina’s surprise 100 year bond received a $10bn book but Nigeria’s diaspora bond underwhelmed and prompted a widening of the sub-Saharan African sector.

Amid light-hearted comments from observers about its patchy debt record, Argentina sent a very serious message to markets on Monday with the first ever 100 year bond issuance from a single-B rated sovereign.

Sebastián Reynal, Deutsche Bank’s chief country officer for Argentina, left the bank earlier this month, GlobalCapital understands.

Argentine candy maker Arcor is looking to tap its existing dollar-denominated 2023s as soon as Tuesday after mandating the same three banks that ran its original bond issue to manage the deal.

Argentina is looking to issue euro denominated bonds towards the end of this month, finance minister Luis Caputo said on Wednesday.

South American sovereign Argentina is looking to issue euro denominated bonds towards the end of this month, finance minister Luis Caputo said on Wednesday.

The Province of Buenos Aires gave a taste of the possibilities available in Argentina’s domestic market on Tuesday with an innovative peso bond targeted at international investors that left the province’s undersecretary of finance more than satisfied.

The Province of Buenos Aires showed the resilience of demand for Argentina as it sold a $950m equivalent peso denominated bond mainly to international buyers the day after the currency hit its all-time weakest level against the US dollar.

Candy manufacturer Arcor is planning to tap its dollar-denominated 2023s for up to a further $150m in a deal that would likely sweeten the liquidity in the existing bonds.