Córdoba Moves to Sell $500 Million Nine-Year Bond in New York After National Approval

Overview

• The provincial team led by Economy Minister Guillermo Acosta is holding a New York roadshow ahead of a planned Jan. 22 placement.
• The offering targets $500 million in nine-year notes with free use of proceeds, and the province is aiming for pricing below 9%.
• Córdoba plans a Jan. 26 tender offer to repurchase roughly $100 million of bonds that were not bought back in 2025.
• Provincial officials indicate that a successful buyback would leave no capital repayments due until August 2027.
• The deal follows authorization from Argentina's Ministry of Economy and comes as country risk has eased to around 570 basis points, with recent issues by Buenos Aires City and Santa Fe providing pricing benchmarks.