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Telecom Argentina has raised US$200 million in a new bond issue aimed at improving its debt profile and supporting its infrastructure investment plans.
With an initial issuance of more than USD 500 million and the completion of the proposed debt swap for Type 1 Transferable Obligations due in 2026, the total issuance reaches USD 817 million, making Argentina the largest in terms of issuance value. It was one of the largest corporate bonds, the newspaper announced. company.
Benefiting from a more stable macroeconomic environment and the company’s strong financial and credit profile, bond costs were reduced from 9.70% to 8.75% within 90 days. The final maturity of this document is 7 years.
Telecom’s bond issuance is part of a global negotiable debt program of up to USD 3 billion approved by Argentina’s National Securities Commission (CNV).
“This high level of investor response reflects the confidence of domestic and international markets in the company’s solidity and short-, medium- and long-term business strategy,” the telecom said in a release.
Global coordinators for the issue included Deutsche Bank Securities, JP Morgan, Latin Securities and Santander, while the local issue was managed by Latin Securities and Banco Santander Argentina.
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