Argentine debt crisis hits corporate borrowers

Argentine debt crisis hits corporate borrowers

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

When San Miguel said late Tuesday that it plans to issue up to $50 million in 10-month bonds next week, the timing proved unexpectedly bad for Argentina's largest lemon producer to borrow money. The company said it will sell at least $10 million in three series of notes – one denominated in pesos, another in dollars and a third linked to the dollar – on February 17, raising funds for working capital, investments and refinancing debts.The timing had been opportune when San Miguel was preparing th

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