San Miguel taps local bond buyers

San Miguel taps local bond buyers

Bonds Debt Fixed Income Latin America South America Argentina

San Miguel, the largest lemon grower in Argentina, said Wednesday that it raised $60 million in a two-part bond sale in the local market with demand nearly doubling the maximum amount on offer. The company, based in the northwestern province of Tucumán, offered an initial $20 million in one- and three-year notes, but it increased the size of the deal after bids reached $116 million, according to a securities filing. Dollar-linked notes, which are bought and paid back in pesos at the official who

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