LATAM CLOSE-Brexit vote quashes bond issuance
* Brexit stifles primary markets
* 7-year UST yield tighter by 20bp
* 10-year UST yield tighter by 18bp
By Mike Gambale and Paul Kilby
NEW YORK, June 24 (IFR) - No deals priced in the LatAm primary market on Friday.
Petrobras Argentina is preparing an up to US$500m bond sale to fund a tender for all of its US$300m of outstanding 5.875% 2017s, according to a filing with local regulators.
The borrower is seeking to raise 10-year money and has mandated Citigroup and Deutsche on the deal. The announcement comes after Pampa Energia agreed earlier this year to purchase a 67.2% stake in Petrobras Argentina for US$892m. Continuación...