Agrofina tests bond market after election

Agrofina tests bond market after election

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Politics Argentina

Argentina's Argofina, a maker of crop protection products, will offer up to $20 million in dollar-denominated bonds this week, looking to become the first company to test the local debt market since the presidential election on October 24. The company, owned by the country's biggest soybean producer, Grupo Los Grobo, said in a securities filing that the 18-month notes will pay a fixed interest rate of 13.65% and that it will use the proceeds to refinance a bond that comes due in November. Balanz

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