Naranja picks up local funds

Naranja picks up local funds

Bonds Debt Fixed Income Argentina Capital Markets

Argentine credit card issuer Tarjeta Naranja said Wednesday that it raised ARS12.5 billion ($66.6 million) in the sale of one-year, peso-denominated notes in the local market. The Córdoba-based company said in a securities filing that it surpassed the ARS8 billion minimum on offer, as demand reached ARS12.6 billion, but added that it was shy of the ARS20 billion maximum of the deal. Naranja priced the bonds at 450 basis points over Badlar, a local reference rate that now stands at 70%. The compa

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