Province of Buenos Aires ARS15.1 billion notes offer

Overview:

• The Province of Buenos Aires issued ARS15.1 billion notes due 2022. 
• This included an offer of ARS5.2 billion notes to the public in Argentina and ARS10 billion notes to investors outside of Argentina.
• BBVA Banco Francés, Banco Santander Río and HSBC Bank Argentina acted as initial purchasers.
• BBVA Securities, Santander Investment Securities and HSBC Securities (USA) acted as international purchasers. 
• This is said to be Buenos Aires' first issue of Argentina-peso denominated bonds governed by Argentine law that are sold in the international capital markets.  

Rani Mehta - Journalist