Telecom answers solid demand for bonds

Telecom answers solid demand for bonds

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

Telecom Argentina sold a more-then-expected ARS4.4 billion ($73.1 million) in peso-denominated bonds on Wednesday, taking advantage of liquidity in the local market as a sovereign debt crisis limits debt issues by the federal government and some provinces. The telecommunications company had set out to sell a minimum of ARS3 billion in 12- and 18-month notes, but it wound up receiving ARS5.1 billion in offers, according to a securities filing on Thursday. The company had set ARS5 billion as a max

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