IRSA sells bonds in busy auction

IRSA sells bonds in busy auction

Bonds Debt Fixed Income Coronavirus Argentina Latin America

Argentine real estate developer IRSA Inversiones y Representaciones said it raised $38.4 million in a sale of two series of bonds on Thursday, building liquidity after the recent sales of two properties at a time when its shopping mall business is struggling during the COVID-19 lockdown. The Buenos Aires-based company, which manages properties in Argentina, Israel and the United States, sold $33.7 million in 18-month, dollar-linked bonds at 4% and ARS335 million ($4.97 million) in one-year, peso

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