Returning to global debt markets following its 2001 default, Argentina is mapping out the foundation for next week’s bond sale.
Two people privy to the matter said the bond sale will commence in New York and London before bankers and policymakers travel to Boston, Los Angeles, and Washington.
Investors were notified the sale could hit $15 billion. The nation is said to be going back to the markets again in the second half of 2016 to sell a new batch of notes.
Deutsche Bank, HSBC, JPMorgan Chase & Co., and Santander have been tapped to spearhead the endeavor. Argentinian bonds will be marketed through non-deal roadshows.
Sources added the roadshows will be managed by two groups of bankers informing investors regarding the country and a likely bond agreement, but won’t indicate a particular offer.
The material has been provided by InstaForex Company – www.instaforex.com