Argentina Hires Seven Banks to Handle Global Bond Offer
- Country likely to organize roadshow for first week of April
- Argentina to sell about $12 billion to pay for debt settlement
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Argentina has hired seven banks to manage its first international bond sale since defaulting on $95 billion in 2001, said people with knowledge of the offering.
The South American nation hired JPMorgan Chase & Co., Deutsche Bank AG, Banco Santander SA and HSBC Holdings Plc as global coordinators and Banco Bilbao Vizcaya Argentaria SA, UBS Group AG and Citigroup Inc. as bookrunners, said the people, who asked not to be named because the matter is private. The roles may still be in flux, they said. The country may begin marketing the bonds in the first week of April, said one of the people.