UPDATE 1-After 15 years, Argentina set for bond market return
By Joy Wiltermuth
NEW YORK, April 7 (IFR) - Argentina will begin meeting investors Monday as it returns to the international bond market for the first time in 15 years and closes the book on a long and bitter battle with its creditors.
A market pariah since a US$100bn default in 2001, Argentina has made peace with litigant investors under the administration of new President Mauricio Macri, who took office in December.
Now it will hold a five-day roadshow in the UK and the US as it preps a new bond expected to raise US$12bn - or more - to help pay off holdouts who had rejected a debt restructuring.
Finance Secretary Luis Caputo and Undersecretary Santiago Bausili will each lead teams meeting with investors in London, Boston, New York, Washington and Los Angeles.
Deutsche Bank, HSBC, JP Morgan and Santander are arranging the meetings, but few other details were immediately available.
"The dealers on it are keeping it hush-hush until they are ready to come to market," said Sean Newman, a senior portfolio manager at Invesco Fixed Income.
One of the lead banks told IFR that investors had not yet been given any information about the ultimate size of the deal or the potential currencies of issuance. Continuación...