Neuquén Plans $250 Million Bond Issue

Argentina’s western province of Neuquén is planning to issue $250 million worth of bonds to fund much-needed infrastructure projects. The province’s governor, Jorge Sobisch, last week met with Argentina’s economy minister, Felisa Miceli, to discuss the offering. The funds raised will go towards several projects, notably the Mari Menuco Canal to provide irrigation for up to 30,000 hectares of land, the Tren Transandino del Sur to the border with Chile, a ring-road and several hospitals.