Argie Wind Farm Launches Bonds

The Loma Blanca wind project, a unit of Spain’s Isolux, has launched a $103m domestic bond issue in the Argentine market, according to bankers on the deal. The borrower is issuing a $30m 4-year tranche paying a spread to Badlar and a $73m 10-year tranche paying a spread to Libor. Pricing is expected on Thursday through lead Banco Macro. Proceeds will fund the construction of the 200-megawatt wind farm in Chubut province, which includes a $25m investment from Isolux and funding from CAF.