IRSA, Cresud wrap up bond swaps

IRSA, Cresud wrap up bond swaps

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Regulation Argentina

Argentine real estate developer IRSA Inversiones y Representaciones and its agribusiness subsidiary Cresud said Thursday that bondholders agreed to swap outstanding bonds for new notes with longer maturities. IRSA said holders of $178 million of bonds due in November this year, or 98.3%, signed on to receive notes that pay the same coupon of 10% and mature in 2023. Cresud, meanwhile, said holders of $65.1 million of its 2020 bonds, or 88.4%, agreed to receive new 2022 and 2023 notes at the same

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