Argentina announces benchmark two-part US dollar bond: source
By Paul Kilby
NEW YORK, June 30 (IFR) - The Republic of Argentina announced a two-part US dollar bond sale on Thursday, just three months after its historic return to international markets in April.
The sovereign is approaching borrowers with 12 and 20-year bonds, with initial price thoughts respectively set at 6.75% area and 7.25% area.
Proceeds will be used for liability management purposes. Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank, and Morgan Stanley are acting as joint bookrunners. Expected ratings are B3/B-/B. (Reporting By Paul Kilby; editing by Shankar Ramakrishnan)
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