TGLT books share sale

TGLT books share sale

Equity Capital Markets Bonds Corporate & Sovereign Strategy Economy & Policy Argentina

Argentine real estate developer TGLT said it plans to sell ARS330 million ($5.54 million) in preferred shares, the latest small deal in a market with limited access to credit but declining interest rates. The firm will offer the shares from November 15 to December 5, it said in a securities filing. The plans come as the company seeks to restructure $150 million in bonds to put it back in position to invest in new real estate projects and access fresh financing, TGLT said in a release for its thi

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