By Mary Katherine Stinson
Lexington, Ky., Jan. 12 – Cresud SA Comercial Inmobiliaria Financiera y Agropecuaria announced the sale of a total equivalent amount of $64.2 million in a two-part note offering in the local capital markets, according to a 6-K filing with the Securities and Exchange Commission.
The company offered ARS 32,774,359,231 of series XLIII notes due Jan. 17, 2025, of which it will issue ARS 19,886,023,585 of the notes at par.
The interest rate will be at the Badlar Privada rate plus 0 basis points.
Additionally, the company offered $56,243,575 of 6% series XLIV notes due Jan. 17, 2027, of which it will issue $39,765,830 of the notes at par.
Both series of notes will be subject to a bullet payment at maturity.
Cresud is a Buenos Aires-based agricultural company.
| Issuer: | Cresud SA Comercial Inmobiliaria Financiera y Agropecuaria
|
| Amount: | $64.2 million equivalent
|
| Announcement date: | Jan. 11
|
| Settlement date: | Jan. 17
|
| Distribution: | Local capital markets
|
|
|
| 2025 notes
|
| Amount: | ARS 19,886,023,585
|
| Issue: | Notes, series XLIII
|
| Maturity: | Jan. 17, 2025
|
| Coupon: | Badlar Privada rate plus 0 bps
|
| Price: | Par
|
|
|
| 2027 notes
|
| Amount: | $39,765,830
|
| Issue: | Notes, series XLIV
|
| Maturity: | Jan. 17, 2027
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
|
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