Argentina

Argentine province Neuquén priced a new bond that was more than six times subscribed on Thursday as investors jumped into the first Latin American deal following the quiet Easter period.

Capex SA, the Argentine electricity company, is planning a $300m bond sale with S&P promising an upgrade should the borrower successfully be able refinance its forthcoming maturities.

Argentine province Neuquén began meeting fixed income investors on Monday as it looks to issue a second international bond in two years.

No Latin American borrowers tapped international bond markets this week as most of the region takes an extended break for Easter, but Argentina is once again providing most of the excitement.

Pampa Energía, the fast growing Argentine energy company, is looking to sell $500m of convertible bonds in an extremely rare structure for a Latin American issuer.

After a glut of provincial supply, investors were treated to a debut Argentine corporate this week, as three other Latin American corporates brought deals.

Argentinian supply resumed on Wednesday as Tarjeta Naranja and Province of Tierra del Fuego both kicked off pricing on new dollar deals.

Further dollar issuance from Argentina could emerge as early as today after two borrowers from the country wrapped up roadshows on Tuesday.

Argentina’s second smallest province is readying a dollar denominated bond, looking to become the 13th sub-sovereign authority to issue since the government exited default a year ago.

Generación Mediterránea, a subsidiary of Argentine electricity generator Grupo Albanesi, has approved a $100m bond issue that it may carry out in international markets.

Tierra del Fuego, the southernmost province in Argentina, is on the road with UBS and Puente ahead of a proposed bond sale.

Argentina returned to the Swiss market for the first time in nearly 20 years on Thursday to print a Sfr400m ($403m) three and a half year bond.