Arcor Hits the Road

Argentine foodmaker Arcor is roadshowing a $100m 10-year amortizing bond in Europe this week. Stops are planned in LA on Friday and on the East Coast in the early part of next week, with pricing set for June 27. The BB minus notes amortize in the final two years, giving the bonds a 9.5-year average life. Citi, Santander Rio and BBVA are handling the sale.