Argie Airport Operator Raises USD Bond

Aeropuertos Argentina has raised $42m from a domestic bond sale. The airport operator sold $7m in 2013 bonds at Badlar plus 3.85bp, $29m in 11% of 2020 bonds and $6m in 10% bonds from a separate 2020 series. Proceeds from the sale will refinance $22m in bank loans and fund about $128m worth of capex, according to Moody’s. Banco Macro is managing the sale, rated Aa2 on a national scale.