Argie Issuers Pull/Postpone USD Bonds

Argentine investors hoping to pick up dollar-denominate fixed income assets will have to wait a bit longer, with the Province of Cordoba facing delays and Aluminum maker Aluar deciding to pull a deal. The province of Cordoba plans to continue marketing a $150m USD-denominated bond following regulatory approval, according to a manager on the deal, which is expected this month. It had been expecting to issue this week. The province is offering $150m in 12% 2017 notes denominated in USD but payable in ARP at market exchange rates, through Banco de Cordoba. Meanwhile Aluar has done an about face, and cancelled recently announced plans to issue $50m in 2014 bonds on the domestic market, it says in a regulatory filing.