Buenos Aires trades up after $1.5bn blow-out
Argentina’s largest province, Buenos Aires (PBA), saw its bonds trade up the day after it raised $1.5bn of five and 10 year bonds.
A book of $4.3bn allowed Buenos Aires to tighten pricing on both tranches to offer a pick-up of roughly 120bp to the Argentine sovereign in a widely expected first visit to markets this year. Both bonds were up about seven eighths of a point by Thursday afternoon, according ...
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