HPDA Sets Sights On Monday Pricing

Argentine utility HPDA is expected to bring its $125m in10-year non-call 5 bonds today Monday, at 9.00%-9.25%, according to buysiders. The deal was expected to come by the end of last week but choppy markets resulted in the need for additional time. HPDA is the largest private hydroelectric generator in Argentina, and proceeds are being used to refinance debt from restructurings in 1999 and 2004. Merrill Lynch has sole books.