Mendoza province eyes global debt issue in 2012

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articlenopic By Luis Andres Henao for Reuters.com


Feb 3 (Reuters) - Argentina's western province of Mendoza plans to issue about $250 million in new debt on global markets in 2012 for the first time in 15 years, Mendoza's economy minister said on Friday.

The bond issue, however, will be possible only if yields do not surpass the 11 percent rate that Buenos Aires, the country's largest district, fetched last year.
 
"It will be for a minimum of $250 million," provincial Economy Minister Marcelo Costa, told Reuters, adding that the bond issue would be used to finance infrastructure projects.
 
Mendoza is best known... Read Full Article


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