San Miguel sells bonds in oversubscribed auction

San Miguel sells bonds in oversubscribed auction

Bonds Debt Corporate & Sovereign Strategy Fixed Income Argentina Latin America

San Miguel, the biggest lemon grower in Argentina, sold $40 million in dollar-linked bonds in an offer that drew nearly nine times the original minimum amount on offer, helping to stretch out maturities and reduce interest rates. The Famaillá, Tucumán-based company received $89.4 million in offers for the 18-month notes, surpassing the $10 million minimum, according to a securities filing late on Friday. The bullet bonds pay 1.48% interest, less than the 8.5% interest for the 10-month, dollar-li

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