News
Telecom Argentina raised US$200mn from a new bond issuance aimed at improving its debt profile and supporting its infrastructure investment plan.
With an original issuance exceeding US$500mn and the completion of a debt swap offer for its Class 1 negotiable obligations due in 2026, the total issuance has reached US$817mn, making it one of Argentina’s largest corporate bonds in terms of volume, according to the company.
Within 90 days, the bond’s cost was reduced from 9.70% to 8.75%, benefiting from a more stable macroeconomic environment and the company’s strong financial and credit profile. The paper has a final maturity of seven years.
Telecom’s bond issuance is part of a global negotiable obligations program of up to US$3bn approved by Argentina’s national securities commission (CNV).
“This high level of investor response reflects both domestic and international market confidence in the…
