IRSA comes to Argentine bond market

IRSA comes to Argentine bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Argentina

Argentine real estate developer IRSA Inversiones y Representaciones raised $65.8 million in a three-part bond sale that was 4.4 times oversubscribed, a sign of growing investor appetite for corporate debt that is spurring more companies to hit the markets. IRSA, which manages properties in Argentina, Israel and the United States, said it sold ARS354 million ($5.21 million) in nine-month bonds denominated in pesos, according to a securities filing on Tuesday. The nine-month bonds pay 600 basis po

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