Argentine Farm Company Seeks Bovespa IPO

Argentine Farm Company Seeks Bovespa IPO

Equity

El Tejar, the Argentine agricultural developer with assets in Argentina, Brazil and Uruguay, has filed for an IPO via a BDR issue through Itau BBA and Morgan Stanley. The company most recently visited the markets seeking debt financing – a $150m A/B loan including a $30m 7-year A loan at Libor plus 490bp and a $120m B loan via Standard Bank paying Libor plus 450bp. The deal is heard to have struggled to get a full book, say bankers away from the process. The company not yet indicated the size of

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