UPDATE 1-Argentina to cap new bond at US$15bn: source
(Repeats to RTRS from IFR)
By Davide Scigliuzzo
NASSAU, April 8 (IFR) - Argentina will cap its first international bond in 15 years at US$15bn, a source who saw a finance ministry presentation told IFR on Friday before the sovereign meets investors next week.
The country is targeting maturities of five, 10 and 30 years on the bond, which is expected to come to market as early as April 18, the source said.
Officials said the country is looking to raise at least US$12bn - enough to cure Argentina's default and resume payments on restructured bonds.
But Argentina could push the sale to US$15bn, depending on the pricing level.
The country is looking to issue the note in the 144A format only, which would restrict participation to larger institutional investors while allowing the sovereign to move more quickly.
Argentina has already received more than 140 requests for a meeting from investors as part of a week-long roadshow in London and the US that starts Monday, officials told the attendees.
Finance Secretary Luis Caputo led the delegation hosting Friday's presentation. Continuación...