Argentine Companies Are Expected to Return to U.S. Debt Market

Argentine Companies Are Expected to Return to U.S. Debt Market


Argentina’s company-debt drought may soon be ending.

Telecom Argentina SA plans to sell as much as $1 billion of debt in the coming weeks, while gas pipeline operator Transportadora de Gas del Sur SA is looking to sell as much as $500 million of notes. Both companies are expected to issue before May 15, according to people with knowledge of the matter.

Banco de Inversion y Comercio Exterior SA, is also looking to sell $400 million of bonds. In the second half of the year, Transportadora de Gas del Norte SA may seek to sell bonds as long as a new project is awarded to it, according to an official at the company.

Argentine companies have been sitting out the U.S. dollar bond market since January, when a flood of sales left investors reluctant to buy more of the debt. In an effort to help renew demand, seven companies from the nation met at Bank of America Corp.’s 51st floor in New York with dozens of investors on April 13, according to people present at the meeting.

Investment Update



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