July 8, 2020 |
Telecom Argentina said on Tuesday that it plans to sell up to $520 million in five-year bonds paying 8.5% interest, a move partially aimed at extending the maturity on a bond falling due next year.
The telecommunications company, one of the country’s two biggest, said the bonds can be bought in dollars or with a 2021 bond, according to a securities filing.
The deal is only open to qualified institutional buyers under Rule 144A, the company said. The auction will be held on July 20, organized by
Telecommunications company to swap 2021 bonds for new five-year notes