November 23, 2022 |
San Miguel, the largest lemon grower in Argentina, said it plans to issue up to $50 million in sustainability-linked bonds (SLBs) tied to the US dollar on Thursday, returning to the local market after maxing out its second SLB sale in January.
The Famaillá, Tucumán-based company said it will offer at least $15 million worth of two-year bullet bonds, adding that it could increase the amount based on demand at the auction, according to a securities filing.
The proceeds will be used for working cap
Argentine lemon grower plans to issue up to $50 mln in bonds with pricing tied to reducing water use