Banco Hipotecario mulls cross-border bonds
The Argentine lender could follow up its local currency trade from last October with a $400m trade
Argentina's Banco Hipotecario has approved a $400m
cross-border bond sale, but has yet to outline specific
The bank said it would choose bookrunners from a
shortlist consisting of Bank of America Merrill Lynch, Citi,
Credit Suisse, Deutsche Bank, Itau BBA, JPMorgan, Santander and
One banker questioned the logic of printing in
dollars over Argentine pesos, with the latter option garnering
heavy interest from a number of the country's financial
institutions this year.
Banco Hipotecario sold the equivalent of
$400m in peso-denominated bonds in October. BCP Securities,
Deutsche Bank and Santander priced the three-year notes at
250bp over Badlar.