Banco Rio to Price Thursday

Argentina’s Banco Rio is looking to wrap up its roadshow in the US this week and price up to $150m worth of peso-denominated local 3-year bonds. While whispers were floated out at over 12% last week, some bankers away from the deal expect the offering could price through 12%, as demand is strong. Citi and Santander are leading. Banco Macro is also heard preparing a similar offering following Rio.