Aeropuertos Argentina Readies Local Tap

Aeropuertos Argentina is preparing to issue $150m in 2020 bonds in the domestic market. The airport operator is expected to price the new issue in the next two weeks, according to a company finance official. Banco Macro is managing the sale, rated Aa2 on a national scale. It is the first new bond since a $150m local and international issue in 2002. Proceeds from the sale will refinance $22m in bank loans and fund about $128m worth of capex projects, according to a Moody’s report.