October 27, 2020 |
Cresud, one of Argentina’s largest agriculture companies, said Monday it launched an invitation to holders of its 9% dollar-denominated bonds due this November to exchange them for cash and new bonds with longer maturities, as capital controls prevent it from making the payment on time.
Exchange offers are coming in from many different companies as a result of capital controls, putting a focus on borrowing locally. In Cresud's case, the company said it will offer to exchange $44.2 million of th
Argentine agribusiness will offer cash and new bonds in exchange for $73.6 mln in notes maturing in November