US EditionArgentina's Cordoba Province Sells $725 Million of Debt Abroad
6 Articles
6 Articles
Part will be used for works, cover maturities and buy back part of a title that expires in 2027 The post After eight years, Córdoba returned to the external market and captured $725 million appeared first on Trade and Justice.
The economist Diego Dequino considered that the issue of $725 million by the province of Córdoba in the international market has positive aspects in terms of fiscal management, although he warned that the financial cost was high in relation to similar operations of the private sector. “The issue allows them to clear maturities in the short and medium term and, in that sense, gives them greater freedom of management. From the financial point of v…
The Government of Córdoba concluded the issue of $725 million in the international market whose funds will be used for strategic infrastructure projects and the repurchase of securities with maturity in 2027. The Panal authorities emphasized that the operation made the Province the first public institution in the country to access external financing since December 2017. The new title, issued under the State of New York Law, has its maturity in 2…
The second largest district in Argentina by population, the province of Córdoba, concluded on Thursday an issue of debt in the international market, placing $725 million at a rate of 9.75%, after receiving offers for more than US$1 billion, according to the provincial government. With this issue, Córdoba becomes the first province in the country to access external financing since December 2017. It was anticipated to the City of Buenos Aires, whi…
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