Arcor plans return to local bond market

Arcor plans return to local bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Argentina

Argentine food processing company Arcor said it plans to sell at least ARS500 million ($8.1 million) in bonds, as the latest company to take advantage of declining borrowing rates and high liquidity in the local market.The Buenos Aires-based company said it will one series of six-month notes and another for 18 months, adding that it could increase the total amount on strong demand, according to a securities filing.Arcor's board of directors approved the bond plans in its latest meeting and gave

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