Argie Gaming Plays for Dollar Bond

Hillview Enterprises, the holdco for Argentine Gaming Group, is preparing a $100m 2016 bond, according to investors. The B3 issuer, making its debut in the dollar market with the RegS-only deal, plans to close next week. Proceeds are marked for refinancing debt, capex, and general business purposes. BCP Securities is managing the deal. Panama-based Hillview is the holdco for AGG, whose main assets are the Bingo Avellaneda, Bingo Alto Avellaneda and Bingo Florencia Varela casinos, all in greater Buenos Aires. It acquired AGG in 2007 for $101m. After a successful $300m debut dollar bond in December from Aeropuertos Argentina, bankers say they are hoping to bring more dollar bond debutants in order to feed investor interest in new names and higher-yielding credits.