December 7, 2022 |
Argentine oil and cement producer Petroquímica Comodoro Rivadavia (PCR) said Tuesday that it maxed out the sale of four-year bonds in the local market, bagging $60 million for investments, working capital and refinancing debt.
The company priced the dollar-linked bonds, which are bought and paid back in pesos at the official wholesale exchange rate, at 50 basis points over currency depreciation, according to a securities filing.
Demand came in at $69 million, encouraging the company to step up t
Argentine oil producer picks up $80 mln in a deal for four-year bonds