July 19, 2022 |
Telecom Argentina said Monday it reached a deal to take out a $185 million loan from the International Finance Corporation (IFC), the private sector division of the World Bank.
The Buenos Aires-based telecommunications company said the loan matures in June 2029 but did not provide additional details, according to a securities filing.
Telecom has raised money in the local bond market and through loans to cover its financing needs over the past few years as access to the international bond market
Argentine telco takes out a seven-year, $185 mln loan from the World Bank's private sector lender