Tarjeta Naranja prints local bonds

Tarjeta Naranja prints local bonds

Bonds Debt Fixed Income Capital Markets Argentina Digital Payments

Argentine credit card issuer Tarjeta Naranja said it raised ARS4.48 billion ($44.7 million) in a two-part deal in the local bond market to refinance short-term debt, according to a securities filing. Tarjeta Naranja issued ARS4.05 billion in new one-year notes at the Badlar reference rate plus 5% and added ARS426 million to its 2023 bonds at a price above par, it said in the filing on Monday. The original 2023 bonds pay Badlar plus 7.24%. The Badlar currently stands at 34.25%. The company said l

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