The Porteño Government Issued Debt for US$ 500 Million and Achieved the Lowest Rate in Its History
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Jorge Macri’s administration highlighted the strong demand for investors and attributed the result to the fiscal order and credit reputation of the City of Buenos Aires, in an operation that seeks to improve the maturity profile of the debt. Continue reading in Pura Ciudad: The City placed debt for US$ 500 million and achieved the lowest rate in its history
Buenos Aires, 6 May (NA)--The government of the Autonomous City of Buenos Aires (CABA) issued debt for US$500 million on Wall Street and achieved the lowest rate in its history since its autonomy in 1996. Having received offers for US$3 billion, the City issued US$500 million from the 14th Series of the Tango Bonus, with a cut-off coupon of 7.05% and a rate of return of 7.375%. According to the Argentine News Agency, the placement aimed to impro…
The Porteño government issued the 14th Series of the Tango Bonus with a 7.05 percent cut-off coupon under English legislation. The deadline is ten years. "We got the lowest rate in CABA's credit history," Jorge Macri said.
Successfully complete the process of new debt emisin of the 14th Series Tango Bonus. The City reached the lowest rate in its history.
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