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Cresud to hit local market on strong demand

Cresud to hit local market on strong demand

August 18, 2022 | Charles Newbery
Argentine agribusiness seeks $55 mln in local market as AA2000 maxes out deal

Bonds Debt Fixed Income Capital Markets Loans Argentina

Cresud, a leading agribusiness in Argentina, said it will seek to sell up to ARS7.5 billion ($55.3 million) in 18-month bonds in the local market on Thursday, as high demand allows more companies to max out deals. The company will offer a minimum of ARS2.5 billion in the Argentine peso-denominated notes at auction, increasing the amount based on demand, according to a securities filing. The notes will pay Badlar, a local reference interest rate now at 63.5%, plus a margin to be set during the bi

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