PCR maxes out local bond deal

PCR maxes out local bond deal

Bonds Debt Fixed Income Capital Markets Gas Electricity Oil Argentina

Argentine energy and cement producer Petroquímica Comodoro Rivadavia (PCR) said Wednesday that it maxed out a sale of $50 million in dollar-linked bonds, providing it the money to pay off a bond maturing later this month. PCR, the 10th largest oil producer in Argentina, raised the sale from the $30 million minimum after demand hit $75 million, according to a securities filing. The dollar-linked notes, which are bought and paid back in Argentine pesos at the official wholesale exchange rate, will

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