Mastellone sees high participation in LME

Mastellone sees high participation in LME

Bonds Equity

Mastellone Hermanos has bought back 94.5% of its 2018 A Series note, the Argentine dairy company said on Friday, a day after selling a $200m 12.625% 2021 bond as part of the liability management exercise. The company has bought back the roughly $117m of the A Series note that was tendered. That is equal to $131m of the bond at issue, although a part has since amortized. The balance of the $124m that was outstanding will now be called. The company had offered to exchange the paper for the new 202

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