July 17, 2020 |
Argentine logistics company Plaza Logística, sugar producer Ledesma and home appliances maker Newsan tapped the local bond market with oversubscribed sales as ample liquidity drives up demand and cuts borrowing rates.
Plaza Logística said it raised ARS2.1 billion ($29.4 million) in the sale of two-year bonds at a fixed rate of 4.49% after receiving bids for ARS3.3 billion, or 60% more than was on offer, according to a securities filing. The bonds are denominated in unidades de valor adquisitivo,
Ledesma, Newsan and Plaza Logística boost issues on strong demand in a liquid market