* Province of Buenos Aires makes third foray of the year
* YPF taps 2024s bonds in local exchange
* PDVSA accuses paper of defamation, harming bond swap
By Mike Gambale and Paul Kilby
NEW YORK, Oct 14 (IFR) - Below is a recap of primary
issuance activity in the Latam primary market on Friday:
Number of deals priced: 1
Total issuance volume: US$750m
PROVINCE OF BUENOS AIRES
The Province of Buenos Aires has announced a tap of its
5.75% 2019s and 7.875% 2027s.
Proceeds are slated to fund social, infrastructure and other
public investment projects as well as improve the borrower's
debt profile. BBVA, Bank of America Merrill Lynch and HSBC are
acting as joint bookrunners, while Banco de la Provincia de
Buenos Aires is coming in as local co-manager. Expected ratings
are B3/B- by Moody's and S&P.
IPTS 4.625% area on tap of 5.75% 2019s
7.500% area on tap of 7.875% 2027s
GUIDANCE: tap of 2019s at 4.5% (the number); tap of 2027s at
7.375% (the number)
LAUNCH: US$750m 2-tranche deal.
- US$250m tap of 2019s at 4.500%
- US$500m tap of 2027s at 7.375%
PRICED: US$250m June 15 5.75% 2019: 103.086; 4.5%Y / US$500m
June 15 7.875% 2027: 103.389; 7.375%Y
VOLUME STATISTICS FOR US DOLLAR MARKET
THIS WEEK'S (US$) VOLUME:
5 tranches for US$2.965bn
5 tranches for US$2.965bn
96 tranches for US$92.346bn
Enersis Americas SA, Baa3/BBB, one of the main privately
owned multinational power Corporations in South America, will
start roadshows next week to market a possible US
dollar-denominated senior unsecured benchmark bond.
The borrower will be in London on October 17, Boston on
October 18 and in New York on October 19. The borrower has
mandated BBVA, Citigroup, JP Morgan, Morgan Stanley as joint
bookrunners to arrange the meetings. JP Morgan is coordinating.
LATAM Airlines Group S.A. ("LATAM", NYSE: LFL), a
Chile-based airline group, mandated Citi and J.P. Morgan as
global coordinators and joint bookrunners and BNPP, BofAML,
Deutsche Bank, and Santander as joint bookrunners to arrange a
series of fixed income investor meetings in Chile, Europe, and
the US commencing on October 12. A USD-denominated benchmark
144A/Reg S 7-year offering is expected to follow, subject to
Meeting schedule as follows: October 12, Santiago; October
14, Los Angeles; October 17, London; October 18, Boston; October
19, New York.
Nafin, a Mexican development bank, has wrapped up roadshows,
as it looks to market a potential US dollar bond through Bank of
America Merrill Lynch and HSBC. The issuer is rated
The Republic of Suriname (B1/B+/B+) is continuing to
roadshow this week for a potential debut 144A/Reg S bond
The borrower was on the West Coast on Friday. Roadshows will
finish in New York on October 17 and 18. Oppenheimer and
Scotiabank have been mandated to organize the meetings.
(Reporting by Mike Gambale; Editing by Paul Kilby)