PCR seeks funding in liquid bond market

PCR seeks funding in liquid bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Gas Argentina

Argentina's Petroquímica Comodoro Rivadavia (PCR) said it plans to raise up to $60 million from the sale of three series of one-year bonds, looking to refinance debt and secure finding for its cement, oil and renewable energy businesses. The company said it will offer an initial $10 million in bonds at an auction on February 12, but it added that it will increase the amount depending on demand. Two series of notes will be denominated in dollars and pay a fixed rate of interest to be determined a

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