San Miguel finds demand for SLBs

San Miguel finds demand for SLBs

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

San Miguel, the biggest lemon grower in Argentina, said late on Thursday that it sold $50 million in sustainability-linked bonds (SLBs) tied to the US dollar in the local market, the first issue of such a note in the country. The Famaillá, Tucumán-based company raised more than twice the $20 million minimum on offer, but fell short of the $60 million maximum, according to a securities filing. The 18-month dollar-linked bonds, which are bought and paid back in pesos at the official wholesale exch

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