Argentine Provinces to Issue as Much as $1.35 Billion in June
- Cordoba province plans to issue up to $1 billion next month
- Salta seeking legislative approval for $350 million issuance
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Argentine provinces plan to sell as much as $1.35 billion in bonds in June, capitalizing on the end of the legal battle with creditors that had pushed South America’s second-largest economy into 15 years of financial isolation.
Cordoba will begin meeting with investors May 29 to sell up to $1 billion of bonds in early June, the province’s Finance Minister Osvaldo Giordano said in an interview at a conference in Buenos Aires. Salta province is seeking the provincial legislature’s approval to issue $350 million next month, Governor Juan Manuel Urtubey said in an interview.