February 18, 2021 |
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
Argentine lemon grower issues $60 mln in dollar-linked notes that pay up to 4.99% over currency depreciation