Loma Negra lands another loan in pesos

Loma Negra lands another loan in pesos

Loans Debt Argentina Brazil

Loma Negra, Argentina's largest cement maker, said on Wednesday that it has taken out a ARS1 billion ($14.6 million) loan to refinance debt, building on two bank loans taken out early this year. The company got the latest loan with a one-year tenor from Banco Galicia, according to a securities filing. The peso-denominated loan charges an interest rate based on Badlar, or what commercial banks pay for 30- to 35-day deposits of more than ARS1 million in Argentina. Badlar fell as low as 16% in Apri

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