October 26, 2020 |
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
Argentine real estate developer is latest to face debt problems stemming from tight capital controls