Argentina Oil-Boom Province to Pitch First US Bond Since 2017

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessArgentina Oil-Boom Province to Pitch First US Bond Since 2017Argentina’s Neuquen province will pitch foreign investors in New York on its first new international bond in nearly a decade as the local government reaps the rewards of a shale oil boom, according to two people with direct knowledge of the matter.Author of the article:Ignacio Olivera Doll and Jonathan Gilbert You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Argentina’s Neuquen province will pitch foreign investors in New York on its first new international bond in nearly a decade as the local government reaps the rewards of a shale oil boom, according to two people with direct knowledge of the matter. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountProvincial officials are heading to Wall Street for an investor roadshow starting July 20. They’re seeking to secure a bullet bond with interest rates ranging between 7% and 8% and a five- to seven-year maturity, according to the people, who asked not to be named before the trip begins. Neuquen’s legislature has already approved the issuance of up to $500 million in new bonds, which would be the province’s first since 2017.As President Javier Milei avoids returning the national government to global markets for now, Argentine provinces are taking advantage of investor optimism about his economic overhaul to issue new bonds abroad. If Neuquen goes ahead with the issuance, it would join Cordoba, Chubut, and Buenos Aires city, among others, that have sold abroad in recent months as bond spreads have narrowed. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againOil and gas companies that operate in Neuquen, such as Pampa Energia SA and Pluspetrol SA, have also tapped global markets to seize on optimism around Argentina’s energy outlook. The province is home to a shale oil and gas boom in an outpost of Patagonia that’s taken on new significance as companies pour billions of dollars, ramping up production that’s on track to reach 1 million barrels a day of oil by the end of the decade. An added incentive arrived recently when Milei’s government amended its investment program known as RIGI to allow shale drilling projects to qualify for tax breaks and legal protections. That change has lured big-ticket projects from producers including Chevron Corp.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.