May 11, 2020 |
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
Argentine real estate company replaces 2021 and 2024 notes with $58.3 mln in new seven-year paper