Celulosa sells dollar bonds amid tight financing conditions

Celulosa sells dollar bonds amid tight financing conditions

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Argentina

Celulosa Argentina raised $54 million in US dollar-denominated bonds to refinance debt and improve its short-term liquidity as the country's political transition limits access to financing.  The company received 465 offers for 90% of the total of $59 million on offer of the five-and-a-half-year bonds, which pay 10% interest, it said in a securities filing. The company's 2019 dollar-denominated bond, first sold in 2016 and which matures on Dec. 5, carried a 9.5% coupon, according to data provide

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