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General

Personal Argentina increases bond issue to ARS 800 million

Tuesday 15 November 2016 | 10:38 CET | News
Personal Argentina, the mobile unit of Telecom Argentina, has announced that it has increased the offer of two series of non-convertible bonds announced last week due to positive market response. The first bond will now be for ARS 722 million, up from ARS 550 million, maturing in 18 months, and the second will now amount to ARS 78 million, up from ARS 50 million, maturing in 24 months from the date of issue. The funds raised will be used to refinance short-term debt and finance its 3-year network investment plans.

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Categories: General
Companies: Telecom Argentina
Countries: Argentina
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