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Argentina Province of Neuquen sets talk for $125 million 2014 notes at high 8% range
By Reshmi Basu
New York, Oct. 5 - The Argentine Province of Neuquen set initial price guidance for a $125 million offering of fixed-rate senior secured notes due October 2014 (/BB-) in the high 8% range, according to a market source.
The weighted average life is 4.8 years for the issue. Additionally, the notes will amortize, starting in April 2008.
Citigroup is the lead manager for the Rule 144A and Regulation S transaction, which will come off the issuer's $250 million program.
Proceeds will be used to finance public infrastructure.
Pricing is expected to take place during the Oct. 9 week.
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