MercadoLibre taps local bond market as most issuers wait for better times

MercadoLibre taps local bond market as most issuers wait for better times

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Argentina

MercadoLibre, the biggest e-commerce company in Argentina, raised ARS600m ($10.3m) in a sale of peso-denominated bonds on Tuesday, one of only a few companies to go to the local debt markets as most issuers wait for greater economic and political stability. Led by Banco Patagonia and structured by First Capital Group, the credit card asset-backed securities pay 59.4% annual interest and mature in April 2021, MercadoLibre said in a securities filing. The company added that it will use the money t

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