Overview
- The SF34 dollar bond matures in 2034, with the coupon reported as 8.1% in official communications and 8.375% by La Nacion.
- Investor demand reached about $1.8 billion from 111 institutional buyers and over 1,200 retail accounts, including a $350 million local tranche from more than 800 Argentine investors.
- JP Morgan and Santander served as initial purchasers, while Balanz, One618, Agente de Valores SA and Puente Hnos. acted as international placers.
- Provincial officials said proceeds will fund energy projects, road upgrades, security infrastructure and social works across Santa Fe.
- The transaction is the second subnational dollar sale after CABA’s $600 million at roughly 7.8% as risk indicators near 600–650 basis points support selective access for fiscally solid issuers.