Banco Comafi Raises $200m in Peso Linked

Argentina’s Banco Comafi, a mid-market bank based in Buenos Aires, tapped the peso-linked market for $200m worth of 5-year amortizing notes Wednesday at par to yield 12.50%. The notes, which have a 4-year average life, came at the tight end of 12.50%-12.75% guidance, according to a banker close to the deal. Most of the participants in the deal were US and Europe-based, and put in orders for more than 2.5x the book. Citi led.