IRSA launches bond swap

IRSA launches bond swap

Bonds Debt Corporate & Sovereign Strategy Economy & Policy Argentina Latin America

Argentina's IRSA Inversiones y Representaciones said Friday that it has launched an offer to swap up to $181.5 million in 10% bonds due this November for the same amount in two classes of new notes that will mature in 2023, a latest setback for the real estate developer as access to dollars tightens in the cash-strapped country. The offer is for swapping the 2020s for new bonds paying the same interest plus a cash sweetener of 40%, IRSA said in a securities filing. The invitation is open from Oc

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