Argentina to Sell More Bonars to Venezuela, Gets CAF Loan

Argentina plans to sell $604m in 7% of 2015 Bonars to the Venezuelan government. The deal expands an existing program of the same bonds, most of which have been sold to Venezuela. Separately, Argentina said it will get an $80m loan from CAF. Proceeds from the 15-year facility, priced at 105bp over Libor, will finance a project to upgrade the cross-border transit route between Argentina’s Mendoza province and Chile known as El Pehuenche.