November 15, 2019 |
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
Argentine real estate developer looks to raise a small amount, the latest trend on the local stock market