Three Argentine issuers tap local bond buyers

Three Argentine issuers tap local bond buyers

Bonds Debt Capital Markets Fixed Income Argentina Latin America

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,

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