One of the largest grain producing companies in Argentina with more than 160 years of experience was added to the list of dollar linked corporate issues with the tender for Series VIII Negotiable Obligations, obtaining financing for US $ 15 million with a 24-month term.
MSU has been actively participating in the capital market for more than 6 years, having achieved in this time an excellent reputation in terms of fulfilling the obligations assumed.
The amount of the issue was US $ 10 million, expandable to US $ 15 million, and received 242 offers for a total amount of US $ 182 million.
The ON’s are denominated in US dollars and will be paid in pesos at the applicable exchange rate.
“It is a company with extensive experience in the country, it has fully dollarized revenues and produces in the most productive regions of Argentina, which allows it to achieve greater stability in the average yields obtained. The issue had strong interest and support from investors, since being a dollar linked issue, these papers are an instrument that serves as a hedge against possible variations in the exchange rate ”. Explained Sebastián Money, Manager of Capital Markets and Corporate Finance at Balanz.