Santa Fe Still Looking for Funds

Argentina’s Santa Fe province is still considering borrowing $500m for infrastructure improvements, according to a government statement issued following conversations around the topic earlier this week. The funds would have a minimum 1-year maturity, and could come from the international or domestic market. Proceeds would target electrical, gas and health needs, including hospitals, water and roads. It was heard toward the end of last year to be preparing a $500m-equivalent borrowing program, to be submitted for legislative approval. The government says discussion is expected to continue in February.