July 12, 2013
Argentine food products company Arcor has opened books for its domestic bon
Argentine food products company Arcor has opened books for its domestic bond market debut, expected to raise up to ARP300m ($55m) and price July 16, according to a regulatory filing. Arcor can choose from 1.5 and 3-year maturities, each expected to pay an interest rate set to the Badlar benchmark. Proceeds from the sale will be used for working capital. Santander Rio, Banco de Galicia y Buenos Aires, and BBVA are managing the deal, rated Aa2/AA+ on a national scale.