June 6, 2022 |
Argentine food and home appliances company Grupo Newsan said Friday it will offer up to ARS6 billion ($50 million) in one-year notes in the local market on June 9, using a portion of the proceeds to pay back a bond falling due later this month.
The company will start the offer at ARS750 million and increase it based on demand, according to a securities filing.
The peso-denominated notes will pay a margin over Badlar, a local reference rate now at 46.69%. The margin will be determined during the
Argentine food and home appliances company plans to sell up to $50 mln in one-year notes