On the heels of the Argentine Province of Buenos Aires closing its second $1 billion bond offering this year, the Province of Salta closed a $300 million offering last week as the nation’s provinces look to capital markets to improve ailing infrastructure and restart the economy.

Cleary Gottlieb Steen & Hamilton, together with Argentine firm Cabanellas Etchebarne Kelly, represented the Province of Buenos Aires in two bond offerings totaling $1 billion that closed in June.