August 14, 2020 |
Rizobacter Argentina, a maker of microbiology products for crops, said it sold $17 million in three-year dollar-linked bonds, joining a club of companies that have sold dollar-denominated securities at 0% over currency depreciation.
The company said bids came in for a total of $67.6 million for the bullet bonds, more than four times the $15 million it had offered at the auction, according to a securities filing late on Wednesday.
Rizobacter, a subsidiary of Argentine biotech company Bioceres Cro
Argentine agribusiness raises $17 mln in a deal more than four times oversubscribed