PCR maxes out local bond sale

PCR maxes out local bond sale

Bonds Debt Fixed Income Argentina Gas Oil

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

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