Cresud finds demand for local bond

Cresud finds demand for local bond

Bonds Debt Fixed Income Capital Markets Argentina

Cresud, a leading agribusiness in Argentina, said it sold $24.4 million in 33-month dollar-denominated bonds in the local market, increasing the amount as investor demand ran above the $20 million minimum for the issue. The bullet notes were sold at a price to yield 5.5% annual, according to a securities filing. Demand came in at $25.1 million, the company added. Cresud sold the notes out of a $500 million global bond program at a time when demand is running high for investments in hard currenci

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