Arcor to sell bonds in local market – LatinFinance

October 14, 2021 | Charles Newbery

Argentine food company looks to raise up to $40 mln as liquidity runs high

Corporate & Sovereign Strategy Bonds Debt Fixed Income Argentina

Argentine food processing company Arcor said Wednesday that it will offer up to ARS4 billion ($40.4 million) in two series of bonds in the local market on Friday, as high liquidity boosts demand. The Arroyito, Córdoba-based company will offer an 18-month note denominated in pesos and paying interest based on Badlar, a local reference rate now at 34.13%, and a four-year note denominated in UVA, a unit of account adjusted for inflation now at 89.72/ARS. Both instruments will pay margins over the r

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