Telecom Argentina to sell bonds

Telecom Argentina to sell bonds

Debt Bonds Rule 144a/ RegS Telecoms Argentina Latin America

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

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