Arcor launches international bond swap

Arcor launches international bond swap

Corporate & Sovereign Strategy Bonds Debt Fixed Income Argentina Capital Markets

Argentine food processing company Arcor said Tuesday that it has launched an offer to swap its $450 million in outstanding 6% 2023 international bonds for up to $500 million in new notes, helping to improve the sustainability of its finances. The Arroyito, Córdoba-based company is offering to exchange the dollar-denominated bonds for new notes paying 8.25% interest and maturing in 2027, it said in a securities filing. Given “the prevailing conditions in the capital markets, both local and intern

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