October 16, 2019 |
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
Investors pounce on the latest deal, but the pipeline is limited in the run-up to the elections on October 27, sources say