Argentina sets guidance for dual-tranche euro offering
By Robert Hogg
Oct 5 (IFR) - The Republic of Argentina has announced guidance for its benchmark-sized euro bonds maturing in January 2022 and January 2027, according to a lead.
The sovereign is offering the long five-year notes at a yield of 4.375% area. On the long ten-year bonds, it is 5.5% area.
That compares with initial thoughts of 4.5% area and 5.625% area respectively.
The combined order books are in excess of 4bn, with no particular skew.
The Reg S transaction is today's business via BBVA, BNP Paribas and Credit Suisse.
Argentina is rated B3 (stable) by Moody's and B- (stable) by Standard and Poor's. (Reporting by Robert Hogg; editing by Sudip Roy)
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