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Arcos Draws Strong Bid for LM Funds

Sep 25, 2013

Arcos Dorados has become the latest LatAm borrower to see a well-bid bond sale to support a liability management transaction. The McDonald’s operator sold a $375m 2023 senior unsecured bond, after getting $1.2bn in demand. The Ba2/BBB minus issuer priced the new 2023 at 100.909...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management