Arcor sells peso bonds in busy auction

Arcor sells peso bonds in busy auction

Bonds Debt Corporate & Sovereign Strategy Argentina Latin America

Argentine food processing company Arcor said on Thursday that it sold ARS2.5 billion ($34.5 million) in 15-month peso-denominated bonds, the maximum amount on offer as bids came in for more than three times that amount. The Arroyito, Córdoba-based company, one of the world's largest producers of hard candies, said it got ARS8.7 billion in offers for the bonds, helping to drive down the interest rate compared with sales earlier this year — and encourage it to increase the sale. The company had pl

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