Telecom Argentina raises USD 600 mln in new bond issue
Telecom Argentina said it completed the placement of its Class 27 negotiable obligations for USD 600 million after attracting USD 2.43 billion in bids through 174 orders, marking a demand some 3.3 times greater than the amount offered. The 10-year bonds, with an average term of 9.5 years and a maturity date of 20 January 2036, were issued at a 8.50 percent fixed annual rate, yielding 8.625 percent, the lowest rate for the company's international issues since 2019.