June 28, 2013
Argentine food products company Arcor plans to sell a local market bond of
Argentine food products company Arcor plans to sell a local market bond of up to ARP300m ($55.8m), Moody’s says. The agency has rated the proposed note B1 on a global scale and Aa2.ar on a national scale, with negative outlook. Arcor has a $200m 2017 bond outstanding. Last June, Arcor cancelled plans to add $100m to that bond, which it sold in 2010, because of uncertainty in the international markets. JPMorgan and Santander managed the 2010 sale.