Argentine Casino Sets Stakes on 5-Year

Hillview Enterprises, the holdco for Argentine Gaming Group, has set yield guidance of 9.75%-10.25% for a new bond expected to price by the end of the week. The B3 issuer, making its debut in the dollar market, plans a 2016 of up to $100m in size. Panama-based Hillview is the holdco for AGG, whose main assets are the Bingo Avellaneda, Bingo Alto Avellaneda and Bingo Florencia Varela casinos, all located in the greater Buenos Aires area. Proceeds from the Reg S-only deal are marked for refinancing debt, capex, and general business purposes. BCP Securities is running the trade.