Raghsa extends maturities with bond swap

Raghsa extends maturities with bond swap

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Argentina Coronavirus

Argentine real estate developer Raghsa said it issued $58.3 million in new seven-year bonds in exchange for two existing notes, extending the life of its debt as a deep economic recession this year damps construction activity. Raghsa, which builds offices and apartment buildings in Buenos Aires and Punta del Este, Uruguay, said the deal came short of the $78.9 million it had wanted to issue in new notes. The company swapped out $30.5 million, or 78.4%, of the $38.9 million outstanding in 2021 bo

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