San Miguel brings SLBs to local market

San Miguel brings SLBs to local market

Corporate & Sovereign Strategy Bonds Debt Fixed Income Argentina Capital Markets ESG Sustainability-Linked Wind

San Miguel, the biggest lemon grower in Argentina, said it plans to sell up to $60 million in sustainability-linked bonds (SLBs) tied to the US dollar in the local market on Thursday as corporate issuers tap high demand for the securities ahead of an expected devaluation of the Argentine peso. The Famaillá, Tucumán-based company said the 18-month dollar-linked bonds, which are bought and paid back in pesos at the official wholesale exchange rate, will pay a margin over currency depreciation to b

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